Sarvodaya

The SLSB, a licensed specialised bank, has faced challenges in recent years, including financial instability and operational inefficiencies. Recognising the need for intervention, SDF has come forward as a potential acquirer to breathe new life into the bank and catalyse sustainable development by becoming a development bank.

As a part of the Sarvodaya Movement, sources said SDF places a strong emphasis on social development by providing rural communities with access to financial services and entrepreneurship development through 5400 village-based societies.

Through this acquisition, SDF plans to expand its reach, positively impacting the lives of a larger segment of the population by extending financial services and support to underserved communities, in order to foster economic empowerment and social progress.