State Bank Of India

State Bank of India, country’s largest bank, has decided to offer more focused services for the mid-corporate group and it will be using its asset management team to provide these services. This initiative aims to shorten the time taken for loan approvals.

The bank will include relationship managers as a part of the appraisal and assessment process, as they expected to give relevant proposals.  The proposals will be then examined by an independent committee from the risk-mitigation angle and be awarded an internal rating.  These will then be submitted to the credit committee for sanction.