State Bank of India Plans to Expand Branch Network in 2024-25

State Bank of India (SBI), under Chairman Dinesh Kumar Khara, aims to open 400 new branches across India in the fiscal year 2024-25. This expansion is part of SBI’s strategy to enhance customer service, particularly in emerging areas such as wealth management and advisory services, despite the growing trend towards digital transactions.

Branch Expansion Strategy

In the previous fiscal year, SBI opened 137 branches, with a significant focus on rural areas. These branches play a crucial role in providing essential banking services like deposits, withdrawals, and lending operations for a minimum of four hours daily, five days a week, as mandated by the RBI.

Integration of SBIePay with eMigrate Portal

Additionally, SBI has partnered with the Ministry of External Affairs to integrate its payment gateway, SBIePay, with the eMigrate portal. This integration facilitates seamless payment transactions related to emigration processes for Indian migrant workers and recruiting agents, enhancing efficiency and transparency in the emigration check required (ECR) process.

About State Bank of India

  • Established under the State Bank of India Act 1955
  • SBI stands as India’s largest commercial bank by assets, branches, ATMs, and profitability.
  • Headquartered in Mumbai, Maharashtra
  • SBI continues to uphold its commitment to “Pure Banking Nothing Else,” emphasizing robust expansion and innovative service delivery nationwide.

Piyush Shukla

Recent Posts

Which Country is Known as Deutschland?

Many countries have different names in different languages. One such country is Germany, which is…

7 mins ago

Which River is Known as the Lifeline of Northeast India?

Northeast India is a region full of beautiful landscapes, green forests and rich culture. A…

9 mins ago

Which is the Largest Railway Station of Jharkhand? Know About It

Jharkhand, a state in eastern India, has a well-developed railway network that connects it to…

10 mins ago

Which is the Largest Railway Station of Haryana? Know About It

Haryana is a well-developed state with a strong railway network that connects many important cities.…

12 mins ago

IndiGo Flight Disruptions Explained: FDTL Rules, Crew Shortages and DGCA Action

India’s largest airline, IndiGo, has witnessed widespread flight cancellations and delays, affecting thousands of travellers…

16 mins ago

NITI Aayog & IBM Unveil Roadmap to Make India Top‑3 Quantum Economy by 2047

The world is entering a new technological era — one where quantum computing, quantum communication…

32 mins ago