State Bank of India Launches 34 Transaction Banking Hubs Nationwide
On the occasion of its 68th foundation day, the State Bank of India (SBI) has inaugurated 34 Transaction Banking Hubs across 21 district centres in the country. These hubs aim to provide efficient and quick Transaction Banking solutions to customers.
The SBI’s goal is to meet all customer needs and offer comprehensive solutions for transaction, payment, and collection requirements in one place. The bank aims to transform its Transaction Banking services and Current Account-related offerings to enhance customer experience.
The newly launched Transaction Banking Hubs will be staffed by product specialists who will assist business customers with their financial service needs. These hubs will leverage the ‘Power of One’ within the SBI Group, enabling seamless connectivity with various business verticals and subsidiary companies.
During the launch, Chairman Dinesh Khara acknowledged the successful turnaround achieved by onboarding over 2000 Current Account (CA) customers on revamped CA variants. These variants offer attractive concessions on bundled Transaction Banking services.
Chairman Khara praised the staff for their significant improvement in market share in the CA segment. The transformation initiatives launched the previous year have started yielding positive results. In March 2023, the bank’s market share increased by 1.06 percent compared to the previous quarter, marking the highest increase among all banks.
The Bank’s pre-launch campaign in June 2023 generated over 1000 crore deposits at the newly established Transaction Banking Hubs, indicating a positive response from customers.
Find More News Related to Banking
World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on…
The Indian government has announced plans for public sector companies like Coal India, NMDC, and…
In April, India's merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by…
The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has…
In response to rising credit demand and falling liquidity, State Bank of India (SBI) has…
The Indian Army is poised to elevate its air defense capabilities with the impending delivery…