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Cash-flow-based lending will become increasingly important for financing new-age industries like data centres, solar manufacturing and technology-driven businesses, a senior bank official said on Friday. Banks need to develop new lending models, as emerging businesses may not have the traditional collateral required for bank finance, the official added. "Unless banks are able to find ways to fund these kinds of new businesses, whether it is pharma or technology, new technology...tangible security per se, the banks necessarily need to move from just collateral of security," Ashwini Kumar Tewari, Managing Director at State Bank of India, said at a financial market conclave hosted here by BCC&I. Tewari said SBI is already looking at cash-flow-based lending and is applying such models to emerging sectors. "We are also looking at cash flow-based lending. We are already doing that. We call it CHAKRA, he said, adding that "it is a very big device because it is very emergent in the world .
State Bank of India (SBI) has procured software and hardware as part of its preparations for compliance with the Digital Personal Data Protection (DPDP) framework, with installation and deployment expected to be completed by December, a senior bank official said on Friday. "Procurement of software is done and the deployment will be completed by December for DPDP compliance. Some hardware and software have been procured, and the installation will be done by December," the official said on condition of anonymity. As one of the country's largest banks, SBI processes large volumes of customer and financial data across its banking operations, making data security and privacy an important part of its technology and compliance architecture. The procurement and installation of the technology infrastructure aim to strengthen the bank's systems as it prepares to implement the new data protection regime. The move comes as banks and other organisations that process personal data are preparing
State Bank of India (SBI) intends to hire about 12,000 personnel and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender. "In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year. This number may vary depending on retirements and emerging requirements, but I expect we should close the year with around 12,000 recruitments," he told PTI in an interaction. "Last year, we have done fairly large recruitment because we took 1,500 specialist IT officers. This year, we do not need such a large number on the IT (information technology) side," he said. With a workforce of over 2.45 lakh employees as of March 2026, SBI is among India's largest employers. SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26. On
State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st
