Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 85 views

    State Bank of India: Strategy

    Uploaded by

    Hitesh Agarwal
    State Bank of India offers a variety of retail and digital banking services including home loans, auto loans, personal loans, investment products, and digital wallet services. It focuses on small and medium enterprises, rural banking including agriculture, and partnerships with non-banking financial companies. The bank created the role of Chief Strategy Officer to define its strategic vision and ensure key projects are on track. The CSO focuses on data analytics, market research, benchmarking competitors, and monitoring projects related to market share, branding, and branch transformation. The major risks faced by the bank include credit, market, enterprise, liquidity, and operational risks, especially IT risks. The bank aims to increase risk awareness and implement appropriate security measures

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    State Bank of India: Strategy

    Uploaded by

    Hitesh Agarwal
    85 views3 pages
    State Bank of India offers a variety of retail and digital banking services including home loans, auto loans, personal loans, investment products, and digital wallet services. It focuses on small and medium enterprises, rural banking including agriculture, and partnerships with non-banking financial companies. The bank created the role of Chief Strategy Officer to define its strategic vision and ensure key projects are on track. The CSO focuses on data analytics, market research, benchmarking competitors, and monitoring projects related to market share, branding, and branch transformation. The major risks faced by the bank include credit, market, enterprise, liquidity, and operational risks, especially IT risks. The bank aims to increase risk awareness and implement appropriate security measures

    Original Description:

    it is about sbi business model

    Original Title

    Sbi

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    State Bank of India offers a variety of retail and digital banking services including home loans, auto loans, personal loans, investment products, and digital wallet services. It focuses on small and medium enterprises, rural banking including agriculture, and partnerships with non-banking financial companies. The bank created the role of Chief Strategy Officer to define its strategic vision and ensure key projects are on track. The CSO focuses on data analytics, market research, benchmarking competitors, and monitoring projects related to market share, branding, and branch transformation. The major risks faced by the bank include credit, market, enterprise, liquidity, and operational risks, especially IT risks. The bank aims to increase risk awareness and implement appropriate security measures

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    85 views3 pages

    State Bank of India: Strategy

    Uploaded by

    Hitesh Agarwal
    State Bank of India offers a variety of retail and digital banking services including home loans, auto loans, personal loans, investment products, and digital wallet services. It focuses on small and medium enterprises, rural banking including agriculture, and partnerships with non-banking financial companies. The bank created the role of Chief Strategy Officer to define its strategic vision and ensure key projects are on track. The CSO focuses on data analytics, market research, benchmarking competitors, and monitoring projects related to market share, branding, and branch transformation. The major risks faced by the bank include credit, market, enterprise, liquidity, and operational risks, especially IT risks. The bank aims to increase risk awareness and implement appropriate security measures

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    BUSINESS MODEL

    STATE BANK OF INDIA


     Business portfolio
    1) RETAIL & DIGITAL BANKING GROUP
    A. PERSONAL BANKING
    i. Home Loans
    ii. Auto Loans
    iii. Education Loans
    iv. Personal Loans
    v. Liability and Investment Products
    vi. Corporate and Institutional Tie-ups for Salary Package
    vii. Digital Personal Loan Offerings
    viii. NRI Business
    ix. Wealth Management Business
    B. ANYTIME CHANNELS
    i. ATMs/ ADWMs
    ii. SWAYAMs: Barcode based Passbook Printing Kiosks
    iii. Green Channel Counter (GCC)
    iv. Green Remit Card (GRC)
    v. Banking on Mobile
    vi. SBI Pay (BHIM)
    vii. Digital Banking(YONO)
    viii. Internet Banking and e-Commerce
    C. SMALL AND MEDIUM ENTERPRISES
    i. Customer Convenience
    ii. Digital offerings
    iii. Business Partnerships/ Tie-ups
    iv. Risk Mitigation
    D. RURAL BANKING
    i. Agri Business
    ii. Financial Inclusion (FI)
    E. NBFC ALLIANCES
    F. OTHER NEW BUSINESS INITIATIVES :- Special Projects (IFSC Banking Unit at
    GIFT SEZ)

     Strategy
    State Bank of India has created the position of Chief Strategy Officer (CSO) during 2018-19
    with the objective of defining journey towards realising Mission Statement of the Bank and
    transforming vision of Top Management into reality. The position of CSO in the Bank will
    help in establishing robust strategy framework for enhancing value. The CSO’s role also aims
    for strategic synergy amongst all verticals for enhancing value for Customers, Shareholders
    and Employees. The CSO addresses both the business and operational strategy of your Bank.
    The key areas for CSO organisation have been envisaged as below:
    Data Analytics - With support of a core effective group of Analytics professionals, CSO’s role
    is to churn the Bank’s own data as well as external data to prepare long term insights and
    actions. The CSO and his team also assist the senior management with quick analytics for
    decision making.
    Market Research, Benchmarking and Competition - The CSO undertakes market research
    and analysis of the key products, processes and service lines of the competitors on a
    continuous basis visa-vis our products. This includes service delivery to formulate responsive
    and creative strategies, mostly in collaboration with the leaders of our Business Units and
    Field Operations.
    Key Project Monitoring - CSO work as a bridge between Top Management and Business Unit
    owners and Field Managers to keep key strategic projects on track and ensure their speedy
    and timely implementation.
    a. Few of the projects taken up by CSO for comprehensive improvement of Market
    Share in major cities of the country include
    b. Strategic Tie-up for enhancing the Brand value
    c. Marketing and Branding of YONO
    d. Realising group synergy
    Another strategic initiative taken up by CSO is for Branch Transformation and Re-
    Imagining of Branch Experience. The objective of the project is to decongest the
    branches, re-design the desks and transform the branches from being transaction
    oriented to business oriented and improve service delivery.

     Major Risk Factors


    Bank is exposed to various risks that are an inherent part of any banking business. The
    major risks are
    i. Credit risk
    ii. Market risk
    iii. Enterprise Risk
    iv. Liquidity risk
    v. Operational risk, which also includes IT risk.
    Bank is committed towards creating an environment of increased risk awareness
    at all levels. It also aims at constantly upgrading the appropriate security
    measures, including cyber security measures

     Organisational structure

    You might also like