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State Bank of India planning to set up innovation, incubation and acceleration centre: Report

17 Mar 2022 Evaluate

State Bank of India (SBI) is reportedly planning to set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad. The Centre is in a bid to build in-house capability to bolster its current performance and drive higher top-line growth through innovation. The centre will be operational in six to nine months of on-boarding a consultant.

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.

Peers
Company Name CMP
State Bank Of India 991.10
PNB 116.60
Bank Of Baroda 234.50
Canara Bank 122.85
Union Bank Of India 177.60
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