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.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications