SBI plans to add 300-400 branches annually to boost financial services

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That is how the target of 500 new branches was decided, Setty said on the sidelines of its Banking and Economics Conclave.

The bank operates over 63,000 ATMs, engages 80,300 banking correspondents, and serves over 500 crore customers.

Higher market capitalisation will attract a more diversified investor base, helping in capital-raising exercises.

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Article Details

Category: BusinessFinance

Markets: India

Topics: HDFC Bank SBI C S Setty Market capitalisation Top 10 global banks Branch expansion State Bank of India Profitability Financial services

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 20:49:37 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23664898

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