Mumbai, Jul 22 (KNN) The country's largest lender, the State Bank of India, will be strengthening its capabilities for lending to the micro, small and medium enterprises (MSMEs).

In this regard, the bank has announced plans to recruit specialised officers who have experience in working with the MSMEs.

The recruitment is being done at different levels such as Special Management Executives SME (banking) in the middle management grade scale II and III level.

The offered positions (MMGS II) and SME (MMGS III) can be applied by individuals with experience of two years in respect of SME (MMGS III) and five years in respect of SME (MMGS III) as an executive in supervisory or management role in scheduled commercial bank or a listed financial institute, said a press notification from the bank.

Financial institutes like Yes bank, Canara bank, PNB, SBI, Dena Bank, Bank of Baroda, SIDBI and NABARD have been emphasising their focus on MSMEs.

Recently, some financial institutes with focus on MSMEs have been facing problems of increasing non-performing assets (NPAs) on larger borrowers.

Canara Bank is laying emphasis on lending more to the MSMEs along with other segments. The number of micro enterprises accounts in the bank recorded a growth of 99.9 per cent against the mandated norm of 10 per cent, according to the bank.  (KNN/ST)