Opening of an SBI loan processing center in Gadwal

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The State Bank of India has set up a Retail Asset Credit Center (RACC) in Gadwal.

The credit-related work of 10 branches connected to the new RACC will be completed hassle-free, faster and efficiently, resulting in improved customer service, said SBI (Retail and Digital Banking) Managing Director Challa Srinivasulu Setty, inaugurating the installation on Monday. RACC is a loan processing facility that aims to simplify the loan disbursement process and reduce loan clearance time, he explained.

He also attended the SBI Sanjeevani flag in Peddapothulupadu village, Manopad mandal of Gadwal district. The ‘Clinic on Wheels’ will cover 20 villages in Mandal, benefiting nearly 10,000 households. SBI Foundation, the CSR arm of the bank, in partnership with Bhavishya Bharat Trust, Hyderabad has implemented SBI Sanjeevani in various remote locations where communities have limited access or face socio-economic barriers to health facilities, has SBI Hyderabad Circle said in a statement on the MD Tour.

In another CSR program, Mr Setty opened a computer lab, a screening room and handed over the science lab equipment and furniture to Govt High School (Boys), Chintalpet in Gadwal. SBI Hyderabad Circle Chief Executive Officer Amit Jhingran and senior officials attended.


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