SBI launches Unnati Credit Card to spread credit inclusion
SBI Card, subsidiary of India’s largest lender SBI has launched the Unnati Credit Card to spread credit inclusion among masses. The card targeted at all SBI customers, including the Jan Dhan Yojana account-holders across the country. It also aims to target new users of credit cards, those who do not have a credit history. Any SBI customer having balance of at least Rs 25,000 in the savings account is eligible for the Unnati credit card. SBI Card is joint venture between the State Bank of India (SBI) and GE Capital, the financial services arm of the US-based General Electric (GE). It was incorporated as SBI Cards and Payment Services Private Limited, SBI Card in October 1998. It is headquartered in Gurugram, Haryana.