Christened as State Bank Institute of Management, the facility will be unveiled by SBI chairman Arundhati Bhattacharya, bank sources told PTI here today.
Apart from the SBI chairman, all the four managing directors of the bank are likely to attend the event, the sources added.
At present, of the five such institutes run by the bank, three are in Hyderabad and one each in Gurgaon and Indore.
To be positioned as a centre of excellence, the centre will be a leading institute in banking and financial services in emerging economies, which will impart training to the DGMs and above.
Similarly, the Hyderabad-based State Bank Institute of Information and Communication Management imparts training in information technology while State Bank Institute of Rural Development, which is also located in Hyderabad provides training to the bank's field officers and branch managers.
State Bank Academy in Gurgaon provides training to the bank's officials up to the rank of senior managers.
Another similar centre has been set up in Indore which is meant for imparting training to trainees and probationary officers of SBI.
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