Business and Finance Business and Finance
Mon, December 2, 2024
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SBI to Open 500 New Branches in FY25 | Latest News

SBI to Open 500 New Branches in FY25 | Latest News


Published on 2024-12-02 06:01:23 - Bill Williamson, WOPRAI
  Print publication without navigation

  • State Bank of India (SBI) plans to open 500 new branches across India in FY25. The bank has already opened 135 new branches till October 31, 2024.

The State Bank of India (SBI) plans to expand its network by opening 500 new branches in the fiscal year 2025, as announced by Chairman Dinesh Khara. This expansion aims to enhance the bank's physical presence and service delivery across India. Additionally, SBI is focusing on digital transformation, with plans to upgrade its core banking system to improve customer experience and operational efficiency. The bank also reported a significant increase in its net profit for the third quarter of the fiscal year 2024, driven by robust loan growth and improved asset quality.

Read the Full money.rediff Article at:
[ https://money.rediff.com/news/market/sbi-to-open-500-new-branches-in-fy25-latest-news/19180320241202 ]
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