NIS Management Limited has been accorded the "SME Rhodium" status by State Bank of India (SBI), which represents the highest status under the SBI SME Star Rating Programme. This recognition was made pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015.
The company received this status among over 23 lakh MSME customers of SBI. The recognition was granted in appreciation of the company's valued and longstanding partnership with SBI, consistent banking track record, sound financial discipline, and continued engagement with the bank.
As an SME Rhodium customer, the company will be eligible for several relationship benefits under the applicable programme guidelines, including:
- Additional concession in interest rates
- Enhanced concessions within approved parameters and applicable floor rates
- Complimentary onboarding to SBI Wealth under the corresponding category
- Priority consideration for eligible business banking requests including fresh credit facilities and enhancements
- Access to tailored financial solutions aligned with the company's evolving business requirements
The company views this recognition as a testament to its strong and enduring relationship with SBI and as an affirmation of its commitment towards maintaining financial discipline and fostering strong relationships with its financial partners.