State Bank of India (SBI) proposes to invest Rs 3,000 crore in the
states of Maharashtra and Goa in the fiscal year 2002-03.
a press meet to discuss SBIs performance and projections for
the new financial year for its Mumbai circle, SBI CGM (Mumbai
circle) B Behera said of this amount, around Rs 1,250 crore will
be deployed towards personal advances and Rs 500-600 crore towards
small-scale industries and agriculture financing. The remaining
will be deployed in other areas wherever deemed essential.
In the new fiscal year,
SBI plans for the Mumbai circle include the devising of new
schemes specifically aimed at small and marginal farmers to assist
in the purchase of land. SBI will also shortly launch a
co-branded debit card along with Indian Oil Corporation on a pilot
basis in Mumbai. Towards this end the bank has tied up with over
400 merchant outlets.
Insurance and investment-based products will be made freely
available at branches under the Mumbai circle, with particular
focus on products of the banks own subsidiaries - like cards,
mutual funds. The anytime-anywhere banking facility will be
extended further with the networking of 45 of the banks
branches in the circle to 450 branches all over the country.