State Bank of India (SBI) made a big announcement for women a day before International Women’s Day. State Bank of India on Friday offered low-interest rate and unsecured loan for women entrepreneurs.
SBI has named this product launched especially for women entrepreneurs as ‘Aasmita’. The aim of this initiative of the bank is to provide low-interest rate finance options to women so that they do not face any financial problems in starting their business.
Women entrepreneurs will get loans easily
Chairman of the country’s largest public sector bank SBI, C.S. Shetty, said on this occasion that the new offering will provide quick and easy loans to women-led micro, small and medium units. SBI Managing Director Vinay Tonse described the new offering as a symbol of technological innovation and social equality. The largest public sector bank also introduced ‘Nari Shakti’ platinum debit card powered by RuPay, which has been specially designed for women.
Bank of Baroda also made a big announcement for women
Along with SBI, Bank of Baroda also launched ‘Bob Global Women NRE and NRO Savings Account’ for women of Indian origin on Friday. In this, women customers will be given facilities like higher interest on deposits, home loan and vehicle loan at low rates with low processing fees as well as discount on locker rent. The bank said that the revised BOB Premium NRE and NRO Savings Account comes with many facilities, including a customized debit card with increased transaction limit, complimentary domestic and international lounge access, free safe deposit locker and free personal and air accident insurance coverage.
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