State Bank Of India

State Bank of India (SBI), the nation’s biggest lender, is reportedly planning to open two hi-tech SBI Intouch branches, called digital stores, in Hyderabad and Visakhapatnam during the next financial year. The bank has already opened such digital branches in Mumbai, New Delhi, Bangalore, Chennai and Ahmedabad as part of SBI’s new initiatives to attract youngsters and tech-savvy people.

This new 24x7 branches will have executives to guide the customers in opening bank accounts, getting ATM cards, investing in various products and taking a printout of passbooks and other activities. They will also have video interface and wide array of machines at zones named Smart Table, Online Booth, Dream Zone, Expert Pod and Express Banking.

SBI has registered a rise of 30.24% in its net profit at Rs 2910.06 crore for third quarter ended December 31, 2014 as compared to Rs 2234.34 crore for the same quarter in the previous year. However, total income of the bank has increased 12.07% at Rs 43783.91 crore for Q3FY15 as compared Rs 39067.91 crore for the corresponding quarter previous year.