SBI Asmita Loan and Nari Shakti Debit Card for Women
Why in the news
State Bank of India brought out a digital business loan and a special debit card for women. Bank of Baroda also launched an account for women NRIs.
Key facts
- SBI Asmita needs no collateral and no physical documents; APIs verify GSTIN, bank statements and the CIC database.
- Top-performing women entrepreneurs get entrepreneurial and management training.
- The Nari Shakti card gives offers on entertainment, shopping, travel, lifestyle and insurance.
Products at a glance
| Product | Bank | Highlights |
|---|---|---|
| SBI Asmita | SBI | Digital, self-initiated; covers working capital and capital investment |
| Nari Shakti Platinum Debit Card | SBI | RuPay; recycled plastic |
| bob Global Women NRE and NRO Savings Account | Bank of Baroda | Auto sweep, cheaper loans, locker rent waiver, lounge access, free insurance |
Leadership statements
- Challa Sreenivasulu Setty (SBI Chairman): quick, easy finance for women-led MSMEs.
- Vinay Tonse (MD, Retail Banking and Operations): a full digital answer to working capital and investment needs.
Exam angle
- Bank of Baroda’s offer is described as the first among public sector banks to give NRI insurance benefits.
- Theme: women’s financial inclusion.