SBI is giving up to 35 basis points concession on loans for construction to builders of the affordable housing segment.
The Mumbai-based company has begun operations in FY2013-14 and has assets under management of about Rs 2400 crore at the end of March 2017.
Besides branch-led marketing push through the widest network of more than 22,000 branches, SBI is also engaging retired employees to promote home loans, a senior executive said.
The investments are aimed at improving access to finance for the underserved farmers and agro-related small enterprises in rural and semi-urban areas through MMFSL.
The Indian Banks' Association warned its members to take precaution in a way that would protect the individual banks as well as the system from the attack.
"Providing asset finance to agro related small & micro business will enable them expand their operations and create more employment opportunities," IFC said.
Uco has become the second lender to face business restrictions after IDBI Bank after RBI revised its PCA framework last month.
The bank's operating profit fell 79%at Rs 119 crore from Rs 568 crore a year ago while total income fell 6.5% at Rs 3906 crore (Rs 4178 crore).
The small finance bank will be called Fincare Small Finance Bank, and will commence operations in July this year.
The bank board approved the plan to issue up to 6.2 crore shares at a meeting Thursday.
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