SBI Chairman inaugurates SME branch in Partapur Industrial Estate

NC Network, Meerut

Rajnish Kumar, Chairman of country’s largest lender State Bank of India visited his hometown today and inaugurated a few developmental initiatives contributing towards welfare of the society. The Chairman also inaugurated the Partapur Industrial Estate Branch dedicated to SME customers where he felicitated the beneficiaries of Mudra loan and enlightened the customers on the key benefits of Mudra loans. Mr. Kumar also spent time with army veterans in cantonment and visited Meerut College. 

During his visit to army cantonment, Mr. Kumar along with other army personnel planted 501 trees at army cantonment branch of SBI. On behalf of SBI, he also donated 3 motorised wheelchairs and 3 specially designed two-wheelers to the army veterans & 2 E-Rickshaws to military Hospital Meerut Cantt. Additionally, Mr. Kumar presented smart classroom equipment to B.A.V Inter College along with CBSE approved digital content for the students of standard VI - XII.

During his visit, Mr. Rajnish Kumar, Chairman, SBI said, “It’s always a special feeling when you are at home. I am privileged that I got an opportunity to extend humble contribution to the betterment of Meerut. This city has always been dominant on SME businesses and schemes like Mudra loans and other products are made available to support them with funding requirement.”     

It was a nostalgic day that Meerut witnessed when Mr. Kumar, who has spent a lot of his formative years here, met and addressed doctors, academicians, army officials, businessmen and other dignitaries of the city.

About State Bank of India
State Bank of India (SBI) the largest commercial bank in terms of assets, deposits, profits, branches, customers and employees; is also the largest mortgage lender in the country. As on June 30, 2018, the bank has 42.55 crore customers with deposit base of Rs. 27.47 lakh crore with CASA ratio of 45.07% and advances of Rs. 19.09 lakh crore. SBI has 32% market share in home loans and 35% market share in auto loan. The Bank has the largest network of nearly 22,500 branches in India and ATM network of nearly 59000 ATMs. YONO - an integrated lifestyle and digital banking platform by SBI - downloads were at 83.3 lakhs with more than 2.5 lakh logins per day. On this platform, more than 1 million SB accounts were opened reaching a peak of more than 27 thousand accounts per day. On social media platforms, SBI has the highest number of followers on Facebook, Youtube, Linkedin and Pinterest. Bank tops the list of followers on Facebook and Youtube across all banks in the world. 

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