In his inspiring address, Mr. Kalyan Kumar spoke in detail about the Bank’s history, future vision, ongoing transformational initiatives, business growth, customer-centric excellence, and the roadmap for achieving targets in retail, agriculture, and MSME lending.
The recently concluded third season of Brands of Bengal, TV9 Bangla’s flagship property, brought together established brands and retail chains on a common platform to discuss business growth, development, and the roadmap to success.
Looking forward, the bank is well-positioned on the back of strong business growth, capital and liquidity, and the ability to charge spreads to be in leadership positions, SBI said in its annual report 2018-19. In the financial year ended March 2019, SBI posted a standalone profit of Rs 862 crore and a consolidated profit of Rs 2,300 crore.
The lender recovered Rs 9,000 crore in the March quarter on account of its disbursement against standby letters of credit (SBLC) issued by other banks.
