New Delhi, May 26 (PTI) SBI Chairman CS Setty has said the bank is building a scalable model for sustainable returns based on disciplined cost managment, low-cost deposits, and extracts Income.
“With Strong Casa (Current Account and Savings Account) Growth, Digital Cross-Sell Capabilities, and Margin-Sensitive Asset Allocation, We Are Building A SCALILGAL FOR SUDEL for Sustainable Returns, Said in a message to the shareholders of the bank.
“Togeether, these strategic liters position us not just just as India’s largest bank, but as it is most forward-looking-Balancing Trust, Scale, Innovation to Deliver Long-TERM Value Forcers and Investors Alike, “He said in an annual report for 2024-25.
SBI Logged a Net Profit of 70,901 Crore in FY25, 16 per cent higher than 61,077 Crore in the Previous Fiscal.
To achieve sustainable and risk-weDJUSTED GROWTH, He Said, SBI is Leveragging Advanced Analytics for Credit underwriting, portfolio monitoring, and early warning detection.
“Our Sector-Specific Risk Frameworks are designed to strengthen Asset Quality and Support Responsible Lending in Priority Areas, Including Msmes and Infrastructure,” He said.
As India’s Larget Bank, He Said, SBI’s Strategic Focus is on Improving Operational Efficiency, Enhancing Customer Experience, Sustaining Market Leadership, Strengthening Human Resource Capability, supporting Risk-Djusted Growth, and Improving Profitability.
To improve operational efficiency, He Said, SBI is Streamlining Processes Using Automation and Data-Driven Decision-Making.
“Routine Tasks are being digitised to Reduce Manual Efort, While Centralized Systems are enabling faster and more consistent operations access branches. Redundancies, we aim to Reduce Turnaround Time, Lower Costs, and Increase Overall Service Reliability, “He Said.
These changes support a more scalable and responsive operational model suited to a large, divese customer base, He said.
Stressing that the customer Experience Remains Central to the Bank’s Growth Strategy, He Said, The Bank has taken Several Steps, Including Simplifying onboarding, ENABLING VOCICE BANKING, and Ensuring 24/7 digital support.
SBI AIMS to Deliver a Seamless and Inclusive Experience Across Geography, Particularly For Emerging Segments in Rural and Semi-Reural and Heban Areas, He Said.
Further, He Said, “We are building omni -channel engine models, supplied by hyper-paresonalized offerings powered by artificial intelligence (Ai).”
SBI is Forming Strategic Partnerships with Fintechs, Agritechs, and Government-Backed Digital Platforms to Build a Browder Ecosystem.