The State Bank of India (SBI), a government-owned bank, has recently set up 34 Transaction Banking Hubs in the top 21 district centers across the country. This is to provide fast and efficient Transaction Banking solutions to customers. The Chairman of SBI, Shri Dinesh Khara, inaugurated these hubs during the bank’s 68th foundation day celebration.
The main goal of these hubs is to meet all customer needs and offer complete solutions for their transactions, payments, and collections. SBI has assigned specialized product experts at these hubs to help business customers. These experts will also work closely with other departments and companies within the SBI Group to ensure smooth coordination.
During the inauguration event, Chairman Shri Dinesh Khara announced that more than 2000 Current Account (CA) customers have already switched to the new CA variants, which come with attractive benefits for Transaction Banking services. Additionally, the bank has received over 1000 crore in deposits during a campaign held in June 2023 at these centers.
The Chairman also congratulated the staff for achieving a significant increase in market share in the CA segment. The bank’s efforts to improve services have resulted in a 1.06% growth in market share in March 2023 compared to the previous quarter, which is the highest growth among all banks.
The establishment of Transaction Banking Hubs reflects SBI’s commitment to providing better services and expanding its presence in important districts. With these hubs, SBI aims to offer efficient and comprehensive Transaction Banking services to its valued customers.