SBI dissuades employees from joining the two-day strike

SBI dissuades employees from joining the two-day strike

Mumbai, December 13, 2021: In view of the proposed two-day Bank strike on 16th & 17th December 2021, SBI has requested the staff members to reconsider their decision and refrain from participating in the strike on the said date in the interest of our customers, investors, and the Bank.

Furthermore, considering the ongoing pandemic situation, resorting to a strike will cause great inconvenience to the stakeholders.

Bank endeavors to make available normal functioning in its Branches and offices banking services to all customers during 16th or 17th December 2021. However, in the likelihood of services being interrupted or being partially available, we also request our customers to undertake transactions well in advance and use the digital channels for payments/money transfer and other related services.

About State Bank of India:

State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of 30 lakh Indian families. The home loan portfolio of the bank has crossed the milestone of Rs. 5 lakh crore. As on September 30, 2021, the bank has a deposit base of over Rs. 38 lakh crore with CASA ratio of 46.24% and advances of more than Rs. 27 lakh crore. SBI commands a market share of nearly 35% and about 28% in home loans and auto loans segment respectively. SBI has the largest network of 22,230 branches and 64,122 ATMs / CDMs in India with 70,786 BC outlets. The number of customers using internet banking and mobile banking stand at 94.4 million and close to 21 million respectively. The integrated digital and lifestyle platform – YONO SBI, has around 43 million registered users, which witnesses 12 million logins per day. Accelerating the digital agenda, in excess of 27,000 new digital savings bank accounts were opened per day in the quarter ended September 2021. In terms of digital lending, the bank disbursed personal loans worth Rs. 43,000 crore through the YONO mobile app till Q2 of FY22. SBI also has the highest number of followers on Facebook and Twitter amongst all banks worldwide.