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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1017.15
-60.40 (-5.61%) SBI to focus on extending microfinance to SHGs through PMMY
Date: 24-10-2017State Bank of India (SBI) is planning to focus more on extending microfinance to Self Help Groups (SHGs) through the Pradhan Mantri Mudra Yojana (PMMY). The stress in micro finance and SHG portfolio was relatively lower.
SBI branches must finance candidates trained by rural self employment institutes to enable them to start their own small enterprises for livelihood. About 11,000 branches of SBI had already financed SHGs.
State Bank of India (SBI) offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.