SBI uses AI to underwrite nearly ₹1 lakh crore in MSME loans in FY26
Summary
- State Bank of India (SBI) has utilized Artificial Intelligence (AI) to underwrite MSME loans
- The total amount underwritten is nearly ₹1 lakh crore in FY26
- The AI system can process loans up to ₹5 crore for both new and existing customers
Key Facts
- · ₹1 lakh crore underwritten in FY26
- · AI used for underwriting MSME loans
- · Loan amount up to ₹5 crore
- · 12 months timeframe for underwriting
Why it matters
The use of AI in underwriting MSME loans can increase efficiency and reduce processing time, making it easier for small businesses to access credit
#MSME#SBI#AI#loans#economy