Chennai, Sep 21 (NationPress) The State Bank of India (SBI) has significantly enhanced its footprint in Tamil Nadu by launching 14 new branches, two home loan centres, two advanced rural self-employment training institutes, and a specialized currency administration branch.

These developments were inaugurated by SBI Chairman Challa Sreenivasulu Setty during his visit to the Bank's Local Head Office in Chennai. This move highlights SBI's commitment to broadening its reach while promoting community development throughout the state, as stated in a recent SBI announcement.

The SBI Chairman also launched 110 gram panchayat camps virtually, aimed at delivering essential banking and financial services directly to rural populations, aligning with the Finance Ministry's drive for comprehensive financial inclusion. Senior bank officials and business correspondents were present at these camps, which saw enthusiastic participation from numerous customers.

Additionally, as part of its CSR initiative, SBI presented a cheque of Rs 1.47 crore to Sudhan R., a retired IAS officer and member secretary of the Namma School Foundation, aimed at upgrading 30 government primary schools across Tamil Nadu, underscoring the bank's commitment to enhancing educational infrastructure.

In his address, Setty remarked: "While SBI is already India’s largest bank with over 22,980 branches, we recognize ample opportunities to strengthen our presence where banking access remains limited. The new branches in Tamil Nadu exemplify our strategy to enhance physical connectivity, complemented by initiatives like gram panchayat camps to encourage financial inclusion at the grassroots level. Furthermore, our support for upgrading government schools reflects our dedication to societal contribution. Our objective is to expand in ways that generate both economic and social value for the communities we serve."

"These initiatives reaffirm the bank's commitment to making banking more accessible and inclusive. Through these efforts, SBI is not merely growing as a financial institution but is also contributing to the overall development of the communities it serves," the SBI Chairman concluded.