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SBI sanctions Rs450 crore credit facilities to Paisalo Digital

  • 31 Jan, 2023 |
  • 12:02 PM
  • State Bank of India, on January 27, 2023 has announced the sanctioning of credit facility of Rs450 crore.

State Bank of India, on January 27, 2023 has announced the sanctioning of credit facility of Rs450 crore to Paisalo Digital Limited.

In a regulatory filing, Paisalo Digital said, “New additional credit facility of Rs4500 million from State Bank of India translating to 39% of the present Consortium Limit shall help Paisalo to continuously revolutionize and disrupt Small Credit by transforming customer experience and creating growth opportunities for women entrepreneurs, self-employed and small businesses segment.”

On Tuesday, at around 11:45 AM, State Bank of India was trading at Rs554.35 per share higher by 2.97% on the BSE. 

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