 "Ashwini Kumar Tewari, managing director, State Bank of India (SBI)")
India’s largest lender State Bank of India (SBI) is aiming to complete the modernisation of its core banking infrastructure in the next two years, Ashwini Kumar Tewari, managing director, SBI, said on Thursday.
He said that the bank has been working on a four-axis strategy, which includes upgrading its hardware, migrating from Unix to Linux, hollowing out the core by externalising functions such as vendor and government payments, and introducing microservices for operations like inquiries and accounting.
These initiatives, Tewari said, are helping the bank re-architect its core systems for greater agility and scale.
Tewari also highlighted that
