Wednesday, 9 September 2020

Financial companies are now looking for new opportunities in the Corona era


No matter how big the crisis is, there are some possibilities within it. The country's financial institutions and banks are also exploring the same possibilities in the challenging environment of the Corona era. At present, the financial services sector is seeing new opportunities to expand services among economically weaker sections and in rural areas.

Large banks such as State Bank of India (SBI) are offering financial services to customers in their homes. As of now, insurance companies clipping the coverage of the pandemic are competing to launch insurance products for COVID-19.

RBI has recently identified a new vertical of its 8,000 branches, which will serve only small units, small farmers. So far SBI Special banking only for a foreign business or big corporate

The branch has to be opened. SBI Chairman Rajneesh Kumar says, "New opportunities for the financial sector 1. have just begun. In the coming days, a large section of society will need new types of financial products. We are ready to provide banking services to customers' homes not only in cities but also in villages.

Similarly, MD and CEO of Bandhan Bank told Dainik Jagran, "After Kovid, we see more opportunities in rural India. Demand for small home loans in rural areas can come in a big way. Plan to provide home loans up to five lakh rupees easily.

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