State Bank of India New Branches: State Bank of India, the largest public sector bank in the country, is preparing to give great news to its customers. The bank is planning to open 300 new branches in different parts of the country.
According to PTI news, all these branches will be opened during this financial year. It is to be noted that at present SBI has 22,405 branches across the country and 235 branches abroad. After the opening of the new branch, the number of domestic branches of SBI in the country will go beyond 23,000 branches.
SBI-Chairman understands the needs of customers
According to PTI news, while talking to analysts, State Bank Chairman Dinesh Khara (SBI Chairman Dinesh Khara) has informed that we are trying to increase the business of our bank digitally. Along with this, SBI can open more than 300 new branches this year to increase the number of branches of the bank.
While opening the branch, the bank will keep in mind that where the branch is most needed. On the basis of this also the location of the branch will be decided. Along with this, he also said that SBI understands the needs of the customers and we are trying to serve them according to their needs.
SBI got record profit
Giving information on this matter, State Bank’s Managing Director of Retail Business and Operations, Alok Kumar Chaudhary said that the bank is working on its own strategy and is trying to deepen the relationship with its existing franchisees. While giving information about the net interest margin, Chairman Dinesh Khara said that it is estimated to be 3.5 per cent in the current financial year.
The bank is hopeful that we will be able to keep it up to 3.47 per cent. Talking about the quarterly results of the bank, the bank has achieved a record profit of Rs 16,884 crore in the June quarter of the current financial year. Along with this, a huge decline has also been registered in the NPA of the bank. During this period last year, the bank’s profit was Rs 6,068 crore.
