Tuesday 12 October 2010

Banks eyeing on farm business sector

Top public sector and private banks are targetting the agri business sector as the most promising area with latent potentials. In this direction, banks have already rolled many new farm centric programs and policies for better value - added investments in the sector. State Bank of India (SBI) would be launching some more agriculture commercial branches (ACBs) in the Southern regions like Hyderabad, Coimbatore, etc. Canara Bank is also expected to introduce agriculture marketing cells across its 10 specialised agriculture finance branches. Corporation Bank has announced the introduction of agriculture finance cells in its branches. Besides these public sector banks, Axis Bank the private sector major is also offering services for the borrowers through its 12 agri business centres, 15 commodity business centres and 66 agri clusters.

These banks are also on spree mood to recruit the agri graduates and agri business managers to handle the upcoming challenging area of Indian farmland.

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