News for SBI borrowers, the bank will adopt this trick for recovery

Are you a customer of the country’s largest bank SBI and have you taken any kind of loan from here? So let us tell you that pay the EMI of this loan on time, if you fail to do so then chocolate will be sent to you. Are you shocked? Yes, now to deal with the situation of loan recovery or EMI bounce, SBI has made a unique plan for recovery through chocolate instead of pressurizing the customers through Bank Recovery Agent or employees. According to PTI, State Bank of India (SBI) has actually adopted this method to send reminders to loan customers who are reluctant to pay their EMIs or do not pay the installments on time. State Bank expects good loan repayment collection in this way. According to SBI, in this way people will be reminded that it is important to pay the loan EMI on time. However, according to the bank, this method is currently being started at the pilot stage. After taking a loan (SBI Bank Loan) from the bank, if a customer forgets to pay his monthly installment i.e. EMI or the bank fears that the customer may default. Then the bank will send chocolates to the homes of such customers.

This box of chocolates will be carried by an employee of SBI and will remind the concerned customer that he has not paid the EMI of the loan taken from the bank and will advise to make the payment as soon as possible. It is noteworthy that taking retail loans from banks There is a rapid increase in the number of people and with this the number of EMI Default cases has also increased. Due to which banks are making efforts for loan repayment by adopting their own methods and in this direction, this special method is being adopted by State Bank of India (SBI). Generally, it is seen that when a customer misses the EMI, the bank sends him a reminder through SMS or phone call, but many customers do not respond to the phone calls of the bank nor pay the EMI. , then now the bank will send a box of chocolates to the homes of such customers and advise them to pay the EMI. If we take a look at SBI’s retail loan data, the scope of loans distributed by SBI in the June 2023 quarter reached Rs 12,04,279 crore, which was Rs 10,34,111 crore a year ago i.e. in the June 2022 quarter. There has been an increase of Rs 1,70,168 crore within a year. In comparison to retail loans given, the total borrowing of the bank was Rs 33,03,731 crore in June 2023.