Saturday, August 4, 2012

SBI plans focused services for Mid-Corporates

Hyderabad, August 3: State Bank of India is planning to provide more focused services for the mid-corporate group. It will be using its asset management team to provide these services, the bank’s Chairman Pratip Chaudhuri said.

Under the revised arrangement, the bank’s relationship manager would be part of the appraisal and assessment process, which is expected to shorten the time taken for loan approvals.

The proposals will then be 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. The SBI Chairman met a cross-section of its customers here on Friday, explaining the bank’s services to the corporate and retail sectors.

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