SBI deploys Microsoft's cloud-powered Office 365 solution

Tech giant Microsoft today said State Bank of India (SBI) has deployed its cloud-powered productivity solution, Office 365.
The move will help the country's largest public-sector bank to improve communication and collaboration among its workforce.
"This is one of the largest deployments of Office 365 in India, spanning SBIs countrywide network of 23,423 branches, enabling 263,000 employees and servicing more than 500 million customer accounts, Microsoft said in a statement.
No financial details were, however, disclosed.
The solution will empower the employees to collaborate effectively from any device anywhere (Android, iOS, Mac and Windows), providing an integrated experience and reduce complexity, the statement said.

Microsoft has also consolidated SBI's messaging and collaboration server infrastructure in 17 countries, helping it save more than USD 200,000 annually, it added.

"As India's economy continues to grow, the BFSI sector needs to be well-equipped to address dynamic market pressures and rapidly evolving industry needs," SBI Chairman Rajnish Kumar said.
It has become imperative to transform technologically to sustain a competitive edge, he added.
"We are thrilled to partner with SBI on their digital transformation as they harness the intelligent cloud and build new digital capability to empower their employees; engage customers in new ways and transform their products and services, while maintaining security, trust and compliance with industry regulations," Microsoft CEO Satya Nadella said.