SBI enlightens Egyptian bankers on MSME Financing

State Bank of India (SBI) played host to senior commercial bankers from Egypt on a study tour on MSME units in India. The visit was organized by the Egyptian Banking Institute and coordinated in India by the Indian Institute of Banking & Finance.

The Bankers delegation was welcomed by Smt. Anshula Kant, Deputy Managing Director & Chief Financial Officer, SBI. Smt. Anshula Kant also explained them the unique history, legacy and evolution of largest bank in India, State Bank of India and thrust given by the Bank for lending to the MSME sector.

The team from SME Banking Unit, led by G.K.Kansal, Chief General Manager enlightened the guests on “Financing to MSME units, Bank’s recent initiatives including digital banking and on-line lending to the sellers on e-commerce platforms and taxi aggregators.  The Bank’s performance under Government of India schemes such as Prime Minister’s Mudra Yojana and the recently launched Stand Up India was also highlighted to the delegation.

The event was followed by a lively Q&A session and the delegation headed by Samar Mostafa Mohamed AbdelHadi, was impressed with the diverse product range of SBI in its offerings to the SME sector, role played in development of the sector and the strides made by the Bank.”