Branch meets threw up good ideas: SBI CGM

Hyderabad: The Hyderabad Circle of State Bank of India (SBI) on Sunday said that the consultative process undertaken at branch and regional level had thrown up innovative ideas which would be of immense help in strengthening public sector banks (PSBs) in general and SBI in particular.

"As a result of this consultative process, a number of innovative and implementable ideas have emerged on how PSBs can improve their performance for complete alignment with national priorities and what the roadmap for future should be," said Om Prakash Mishra, Chief General Manager, Hyderabad Circle, SBI.

These ideas and suggestions are being collated at Circle level for further discussions at the SLBC/State level, along with comparative performance assessment at peer level among banks operating in the State, he added.

After the SLBC level discussions, final consultations will be held at national level to compare both intra and inter-bank performances, and to finalize the action plan for the way ahead and for implementation across PSBs, he explained.

SBI Hyderabad Circle held first stage of bottom-up consultative process at branch and regional levels on August 17,18 at 26 regional business offices across Telangana.

Over 750 branch managers along with their Regional Managers and top executives of the bank took part in discussion and brain-storming sessions to simulate ideas for making PSBs active partners in India's growth journey towards a $5 trillion economy. Performance of bank branches and measures to align them with national priorities were also part of the deliberations.

"This is a first of its kind initiative where heads of most of the branches gathered to review performance in the context of their specific areas of operations, deliberate on the potential and opportunities available, issues faced and ideate on future strategy to make and the way forward," Mishra said in a statement. Our bank is fully geared towards implementing roadmap for future, he added.

Meanwhile, The opening phase of the bottom-up consultative process designated to generate ideas and review performance of banks and their alignment with national priorities was conducted at the Zonal level on August 17, 18 by Bank of India in Hyderabad.

This was also carried out across other zones of the Bank Pan India. The meet focussed on the ways and means to increase credit to various sectors of the economy with greater IT content to bring about innovation and leverage big data analytics.

The idea is to make banking citizen- centric as well as more responsive to the needs and aspiration of senior citizens, farmers, small industrialists, entrepreneurs, youth, students and women. C G Chaitanya, Executive Director, Bank of India said, 'Several topical themes such as digital payments, corporate governance in PSBs, Credit for MSMEs, retail, agriculture, export credit, establishing financial grid and enabling Bank Credit towards a $5 trillion economy were discussed during the meet with a view to Chart out specific roadmap for public sector banks.'

The meet also reviewed the Bank's contribution to various national priorities in areas such as - Credit support for economic growth, infrastructure / industry, farm sector and blue economy, Jal Shakti, MSME sector and MUDRA loans, education loans, export credit, green economy, Swachh Bharat, financial inclusion and women empowerment, direct benefit transfers, less cash/digital economy, ease of living, leveraging local potential.