NEWS & ADVICE : HOME LOANS
SBI and Oxigen Services join hands
By Joseph Samson
Jul 30, 2010
Print    Email    RSS   

The largest lender of the country, State Bank of India has joined hands with Oxigen Services Pvt. Ltd along with its associate company Sahyog Microfinance Foundation in order to provide banking facilities to customers by directly geting connected to the core banking system of SBI.

Oxigen retailers would be serving as customer service centers of Sahyog Micro Finance Foundation which in turn would be acting as a business correspondent of SBI and offer banking services to customers on behalf of SBI.

"This kiosk-based banking model will provide the necessary ease and comfort to customers in all parts of India with inherent benefits like flexi timings and reach through current Oxigen footprint of over 20,000 web enabled retailers. This localisation of retail banking services is much needed for financial inclusion of the unbanked population in both rural and urban India. There is also room for including our PoS (point of sale terminals) retailers in the future,'' Oxigen Managing Director and Chairman Pramod Saxena said.


 


(Comments Posted : 1) Post Your Comments
1. how to applies for this agency & how to pay for this
jignesh (Posted: Sep 20, 2011)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Prepayment on loans: 'To do or not to do'
Home loan rates likely to remain stable
Choices available for home buyers
Bankers concerned on RBI loan recovery...
Banking Ombudsman: to the aid of the customer


DO YOU NEED A LEGIT LOAN COMPANY ?
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive