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18 SEPTEMBER, 2009
STATE BANK OF INDIA 1
SBI IN THE NEWS
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1000 new low cost ATMs specially for rural and semi urban areas
planned this year.
KIOSK Banking
Special products for SHGs, like SHG card, SHG Gold card, Sahyog
Niwas developed
STATE BANK OF INDIA 11
SBI’S CONTRIBUTION TO MICRO FINANCE
Grameen Shakti
Life Insurance product for SHGs members .
Life Insurance cover varies from Rs. 5,000 to Rs. 50, 000.
Annual premium varies from Rs. 60 to Rs. 601.
Provision for refund of 50% of Premium for a term of 5 years and
100% premium for term of 10 years.
More than 9 lakh SHG members covered so far
95% of RUSU branches achieved the target of 250 rural household accounts per
annum as stipulated by Rangarajan Committee.
151 lakh households covered in 84,186 villages under 100% Financial Inclusion of
SLBC project
Performance :
No. of active CSPs 199
No. of villages covered 450
Of which, no. of unbanked villages 265
No. of smart cards issued 4,935
No. of other deposit accounts 11,493
No. of Loan accounts 1,623
Total amount of deposits mobilized Rs.2.99 crores
Total amount of loans sanctioned Rs.8.22 crores
Cash management.
Risk Mitigation.
Customer Education