FUTURE READY
A decade ago, the market share of State Bank of India (SBI) in deposits and advances was around 18 per cent. Today, it is 23 per cent. The merger with five associate banks helped but, to its credit, India’s largest bank with assets of ₹36 lakh crore hasn’t lost market share in the last few years despite stiff competition from market-savvy private banks, which have doubled their market share from 15 per cent to around 30 per cent in the last one decade. SBI has also been way ahead of other public sector banks (PSBs) in creating a universal banking model, expanding retail assets, technology adoption and nurturing a high-quality human resource pool. Eighteen months ago, the government selected half-a-dozen managing directors (MDs) and Deputy MDs from SBI to fill the top slot in other PSBs such as Syndicate Bank, Indian Bank, Central Bank, Andhra Bank and Dena Bank.
The 62-year-old Chairman, Rajnish Kumar,
