SBI to Reward Loan Defaulters with Chocolates: An Unconventional Approach to Loan Recovery Image Credit: Since Independence
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SBI to Reward Loan Defaulters with Chocolates: An Unconventional Approach to Loan Recovery

In a surprising move, SBI has devised a unique plan for dealing with loan recovery or EMI bounces. Instead of creating pressure through its recovery agents or employees, the bank has decided to reward customers with chocolates as a sweet reminder to fulfil their loan obligations.

Deepak Sharma

Are you a customer of India's largest bank, SBI (State Bank of India), and have you taken a loan from them? Well, here's some unusual news for you. If you fail to repay your loan EMI on time, SBI will send chocolates to your doorstep instead of pressuring you with loan recovery agents or bouncing EMIs.

In a surprising move, SBI has devised a unique plan for dealing with loan recovery or EMI bounces. Instead of creating pressure through its recovery agents or employees, the bank has decided to reward customers with chocolates as a sweet reminder to fulfil their loan obligations.

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