Page 8 - Banking Finance July 2021

BANK UPDATE

and venders; digital banking products Moreover, the beneficiary availing the State Bank of India is on position 7. Axis
for employees; and tailored services loan of up to Rs. 2 crore will not be Bank and Kotak Mahindra Bank
for directors and other leaders. required to offer any collateral or occupied positions above the SBI. They

ICICI's offering lands in a banking security to the bank as this will be are on position 6th and 5th
sector many experts think has done covered under the guarantee scheme respectively.
more to help innovations benefit of Credit Guarantee Fund Trust for Saraswat Bank is on position 9 in the
consumers than it has corporate Micro and Small Enterprises (CGTMSE). list. Due to its unbeatable services and
clients. ICICI Bank's new offerings are Launching the product, Dinesh Khara, customer satisfaction level Saraswat
set up specifically for industries Chairman, SBI, said, "Our Healthcare Bank got successful to acquire the
including: financial services, IT/ITES, system has been providing position nine. The new edge Saraswat
pharmaceuticals and steel, according uninterrupted and phenomenal Bank Net Banking facility taking the
to the recent announcement. support over the last year to the customer experience to the next level
country amidst the pandemic. which makes this bank popular day by
SBI launches new business Acknowledging and recognizing their day.
contribution in the wake of Covid-19,
loan scheme for In this survey over 43000 banking
we are glad to launch the Aarogyam
healthcare sector Healthcare Business Loan for them. We customers took part who are residing
acrros the globe. The key factors on
State Bank of India launched a new believe this special loan product will which the results were dependent
business loan scheme 'Aarogyam Loan' provide the much needed financial were trust, digital services, customer
for the healthcare sector to extend support to enable expansion/ satisfaction, former and current
loan support in view of the novel modernization of existing facilities and banking relationships etc.
coronavirus pandemic. also creation of new facilities. With
Aarogyam Healthcare Business Loan,
The new loans may be availed by way
our endeavour is towards AU Small Finance Bank
of Cash Credit, Term loan, bank
guarantee, letter of credit, the lender strengthening the healthcare allots over 1.14 lakh
infrastructure across the entire
said in a statement. equity shares under ESOP
country."
Under this new scheme, entire AU Small Finance Bank has informed
healthcare ecosystem such as Saraswat bank becomes that the bank has allotted 1,14,063
hospitals, nursing homes, diagnostic Equity shares of face value of Rs10/-
centres, pathology labs, one of the top 10 banks in each on 24th June 2021 pursuant to
manufacturers, suppliers, importers, India as per Forbes exercise of equivalent number of
logistic firms engaged in critical
In the recent release of Forbes third Employee Stock Options.
healthcare supply can avail of loans up
to Rs. 100 crore, repayable in 10 years, edition of 'World's Best Banks' list The paid-up equity share capital of the
SBI said. Saraswat Bank is among the top 10 Bank has increased from Rs.
banks in India. The top position is won 312,82,28,170 consisting of
"The Aarogyam Loan can be availed by the last year winner DBS Bank 31,28,22,817 equity shares having a
either as a term loan to support after defeating other 30 domestic face value of Rs. 10/- each to Rs.
expansion/modernization or as and internationals banking working in 312,93,68,800 consisting of
working capital facilities such as cash India.
credit, bank guarantee/letter of 31,29,36,880 equity shares having a
credit. In metro centres loans under This list is issued by Forbes with the face value of Rs. 10/- each.
partnership of Statista, a market
Aarogyam can be availed up to Rs100 AU Small Finance Bank was trading at
crore, Tier I and Urban centres up to research firm. India's Famous private Rs.1,019 apiece higher by Rs. 8.95 or
Rs. 20 crore and in Tier II to Tier VI sector entities ICICI and HDFC are on 0.89% from its previous closing of Rs.
position 33 and 4 respectively.
centres up to Rs. 10 crore," it further 1,010.05 apiece on Sensex, at around
stated. Whereas, the biggest lender of India, 9:42 AM. T

8 | 2021 | JULY | BANKING FINANCE