State Bank of India (SBI) will institute work-from-anywhere infrastructure and expects to save Rs 1,000 crore from this measure. The focus of the bank going forward will be on cost reduction, rationalization and reskilling of workforce, improving staff productivity and redeployment of workforce from admin offices to sales roles.
As the COVID-19 pandemic is still playing out, FY21 will be a challenging year for the bank like any other bank or financial institution. The bank is well prepared to deal with such challenges. The lender has stepped up its monitoring of all the projects under implementation and expects to tide over COVID-19 impact in the short to medium term.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
Company Name | CMP |
---|---|
SBI | 823.00 |
Bank Of Baroda | 264.40 |
PNB | 127.70 |
Canara Bank | 117.50 |
Union Bank Of India | 139.90 |
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