Save entered into Business Associate Agreement with premier bank to serve the customer of the rural part of the country.
Under the Business Associate Model, SAVE is using its vast network of CSPs to generate business. This model has boost growth and sales. We conduct market research, develop business strategies, build client relationships, and identify new business opportunities. It helps in exploring the customer segment who are not a part of mainstream banking system.
Under Business Associate Model we give Agricultural/ Commercial Vehicle Loan. In future we would foray into SME and Microfinance Loans under the same model
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned bank headquartered in Mumbai, Maharashtra. The company is ranked 217th on the Fortune Global 500 list of the world’s biggest corporations as of 2017. It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market.
SBI has 18,354 branches in India.
Under the Pradhan Mantri Jan Dhan Yojana of financial inclusion launched by Government of India in August 2014, SBI has taken the lead role in mobilising accounts in rural India.
The bank have 191 overseas offices spread over 36 countries having the largest presence in foreign markets among Indian banks.
SAVE has more than 8500 CSPs of SBI in 29 states including the union territory.