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VOL. 10, ISSUE 5 (2023)
A study on loan facility provided by public sector banks with special reference to State Bank of India In Tirupur city
Authors
Dr. C Eahambaram, A L Visalini
Abstract
This study examines the loan facilities
provided by public sector banks in India, with a specific focus on the State
Bank of India (SBI). The primary objective of this study is to understand the
process of loan disbursement by public sector banks, the criteria used for approving
loans, and the role of the SBI in providing financial assistance to various
sectors of the economy. The study is based on secondary data, including annual
reports of the SBI and other public sector banks, published articles and books,
and government reports. The findings reveal that the SBI is the largest public
sector bank in India, with a significant presence in the rural and semi-urban
areas. It offers a wide range of loan products, including personal loans, home
loans, vehicle loans, and business loans. The bank uses a stringent process to
approve loans, including a credit score assessment, documentation verification,
and collateral assessment. The study also identifies some of the challenges
faced by the SBI and other public sector banks, including high non-performing
assets (NPAs) and competition from private sector banks. Overall, the study
provides insights into the loan facilities provided by public sector banks in
India and highlights the critical role played by the SBI in the country's financial
sector.
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Pages:26-28
How to cite this article:
Dr. C Eahambaram, A L Visalini "A study on loan facility provided by public sector banks with special reference to State Bank of India In Tirupur city". International Journal of Multidisciplinary Research and Development, Vol 10, Issue 5, 2023, Pages 26-28
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