CSR

SBI KfW ink pact for rural lending

The facility is designed to further strengthen and extend SBI's priority sector lending activities
SBI KfW ink pact for rural lending

State Bank of India and the German development bank KfW signed a $300 million loan agreement to support rural and micro-enterprise lending in the country.

With a focus on agricultural and microenterprise loans, the facility is designed to further strengthen and extend SBI’s priority sector lending activities, the bank said.

"We are glad that KfW has chosen us as its partner to foster a focused growth in agriculture sector where we are already a market leader with more than 20 percent of the market share," SBI’s managing director V G Kannan said.

KfW director general (Europe and Asia) Roland Siller said, "Joining hands with India’s largest bank provides an unprecedented opportunity to translate that objective into reality." 

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