State Bank of India
SBI launches 34 Transaction Banking hubs nationwide
New Delhi: State-run State Bank of India (SBI) has launched 34 Transaction Banking Hubs at Top 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to the customers.
The inauguration was done by Shri Dinesh Khara, Chairman SBI on the occasion of 68th foundation day of the bank.
As part of the transformational journey of Transaction Banking services and Current Account-related offerings, Bank’s goal is to meet all customer needs and provide comprehensive solutions for their transaction, payment, and collection requirements under one roof.
The newly launched hubs will be staffed by product specialists who will also assist business customers with their other financial service needs by leveraging the 'Power of One' within the SBI Group by enabling seamless connectivity with other business verticals and subsidiary companies.
On this momentous occasion, Chairman, Shri Dinesh Khara acknowledged the successful turnaround by on boarding over 2000 Current Account (CA) customers on revamped CA variants.
These variants offer attractive concessions on bundled Transaction Banking services. Additionally, during the pre-launch campaign in June 2023, the Bank mobilized over 1000 crore deposits at these centres.
Chairman also congratulated the staff on achieving a significant improvement in market share in the CA segment. He also acknowledged that the transformation initiatives launched last year have started yielding positive results. In March 2023, the market share increased by 1.06% compared to the previous quarter (Dec 2022), marking the highest increase among all banks.
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