If you forget your loan EMI, SBI will bring chocolates to your home. - Newztezz Online


Sunday, September 17, 2023

If you forget your loan EMI, SBI will bring chocolates to your home.

Now if you forget to pay the loan EMI, then State Bank of India (SBI) officials can come to your house anytime with chocolates. After all, what is the reason for this...?

Sir, now forgetting the loan EMI can give you a chance to eat chocolate. The country's largest bank SBI is going to do something similar with those customers who forget to pay the loan EMI on time. The bank officials themselves will take chocolates to the homes of such people. What is this whole matter after all? let us tell you

In fact, State Bank of India (SBI) has come up with a unique way to remind its customers, especially those taking retail loans, to pay their installments. Bank officials will now take a box of chocolates to the homes of those customers who are more likely to default on their monthly EMIs.

The bank says that it has often been seen that customers do not want to repay the loan EMI on time, or are about to default. They stop responding to reminder calls made by the bank. Now bank officials will go directly to the homes of such people, that too without any prior information.

Bank expects better loan repayment

SBI hopes that this step will have an impact on bank customers. People will be motivated to pay loan EMIs on time. This will help in improving loan repayment collection.

Bank's retail loan has increased

Growth has been seen in SBI's retail loans like personal, home and car loans. If we look at the figures of the last quarter, the bank's retail loan book has increased by 16.46 percent to Rs 12,04,279 crore. Whereas in the quarter of April-June 2022 this figure was Rs 10,34,111 crore.

Not only SBI, but the entire retail loan segment has seen double digit growth. This segment has seen a growth of 16 percent. At the same time, the total loan book of SBI has become Rs 33,03,731 crore in April-June 2023. This shows a growth of 13.9 percent on an annual basis.

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