State Bank Of India

State Bank of India (SBI), county’s largest public sector lender has transformed its commercial branch in Mangalore as SME branch with effect from April 1, 2012. The bank aims to facilitate and focus on providing specialized services to suit the needs of SME customers.

Recently, SBI has gone on large scale restructuring drive as the bank is expected to restructure loans worth Rs 2500-3000 crore in the fourth quarter. This is significantly higher than loans worth Rs 2662 crore that were restructured by SBI in the first nine months of this year.