The Hindu Business Line : SBI ties up with CARE India

State Bank of India (SBI) and development agency, CARE India, have announced a strategic partnership to scale up the latter's efforts in micro-finance. As part of SBI's priority sector lending, it will further expand its micro-banking portfolio through fresh bulk loans to the self help group (SHG) federation promoted by CARE India's Credit and Savings for Household Enterprises (CASHE) Project, the release said.

With this partnership, a new initiative to link SHG federations to bank loans will begin. As part of the MoU, CARE India will sensitise the SBI branches on the modalities for lending to federations.

More Stories on : Credit Market | Rural Development | State Bank of India

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Banks selling non-SLR bonds

Re touches new six-month low

Market collapse: Yen carry trade the culprit?

Corporation Bank launches new product

Weather cover launched for grape growers

JNIDB plans foray into consultancy, research

Bank of Baroda fined Rs 5 lakh

Bond prices fall 5 paise

V-Adalat for Vijaya Bank's NPA issues

SBI ties up with CARE India

Call rate remains steady

SBI to buy 2 banks overseas

New chief for AIBOC unit in AP

Kalam urges SBI to step up agri credit