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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