SBI will offer chocolates to customers who are most likely to default on installments

  • SBI is implementing an innovative strategy to secure prompt repayments, particularly by its retail borrowers, by sending a box of chocolates to individuals who are most likely to miss monthly installments.
  • The initiative, which aims to ensure improved collections, comes as the amount of retail lending in the system is rising and delinquency levels are rising as a result of the increase in interest rates.
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