13.05 (1.23%) State Bank of India (SBI) will continue to funds to non-banking finance companies (NBFCs) as it feels the problems facing industry are not very grave and system-wide. The bank does not consider the crisis plaguing the shadow banks are grave as only one or two of them are severely impacted.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.