SBI Employees
07:11
Showing posts with label SBI Employees. Show all posts
Showing posts with label SBI Employees. Show all posts
Thursday, 12 April 2018
Wednesday, 12 July 2017
State Bank of India
09:08
State Bank Of India has set its sights on being one of the world’s top 10 global digital banks.
State Bank Of India has set its sights on being one of the world’s top 10 global digital banks.
How SBI CTO Shiv Kumar Bhasin is driving digital transformation
SBI has set its sights on being one of the world’s top 10 global digital banks.
How do you get a 200- year- old stodgy bank to reinvent itself to keep pace with the digital era?
That's a question you ought to ask Shiv Kumar Bhasin.
As the CTO of SBI, Bhasin is infusing digital techno
logies into the infrastructure and operations of the bank. Ask Bhasin about the enormity of the task at hand and he will tell you at its no walk in the park.
It surely isn't.
The first thing that springs to mind when you think of the State Bank of India, is its sheer scale and size. SBI has over 550 million customers and more than 750 million accounts. It has 25,000 branches, 57,000+ ATMs and 500,000 PoS machines. It accounts for 30 percent of the Indian debit card market and around 45 percent of the transaction volumes of debit cards go through its payment gateways. SBI has 40 million Internet banking and 30 million mobile banking customers. From the balance sheet perspective, it is at the 45th position among global bank.
That probably explains why SBI is the big daddy of India's banking industry. Besides, it has set its sights on being one of the world's top 10 global digital banks. And when a banking behemoth with such a formidable presence and stronghold, goes into a digital overdrive, the process is nothing short of an organizational rebirth.
Bhasin knows this only too well. "A transformation of this magnitude is possible only through reimagination. The exercise of reimagining our business processes and operations cannot be an annual or quarterly target. It has to be an ongoing journey. In the digital era, the cycle of transformation is getting compressed because we customer experience is changing so fast. We have to transform our business processes in terms of customer service, workforce environment, and agile methodologies," he states.
To a certain degree, every bank is now a technology company with a banking license. It has to view its business models through the lens of digital technologies. And rightly so. An infusion of digital technologies is a sure cure to shaking off lumbering legacy systems of the staid but solid SBI.
"IT has come to play such an important role in our digital transformation that business and IT are now closely intertwined," he concedes.
Digitally empowered workforce
With customer experience being the touchstone of success is the digital era, SBI wants its employees to move closerr to customers. So, the people on the front lines need to be vested with the knowledge and awareness of the digital strategy of the bank.
"The workforce has to be digitally enabled and digitally aware. We will impart the digital services to our customers through the various touchpoints and the workforce has to be clued in on these services," he confesses.
Bhasin is orchestrating a robust enterprise mobility management program to facilitate this.
The bank seen a considerable adoption of SBI Workspace, a comprehensive solution which provides secure access to internal applications and resources such as staff facing mobile and tablet applications, intranet applications, email, documents collaboration and other staff collaboration tools etc. 12,300 mobile devices have been enrolled in SBI Workspace since its launch on March 8 2017.
The mobility solution has helped SBI realize a plethora of benefits. it has improved user satisfaction, increased employee productivity, promoted a self-service culture for internal IT services and facilitated faster onboarding of employees and third parties.
In a unique attempt to boost workforce productivity, SBI has launched one of its biggest digital employee empowerment measures enabling its staff to work from home. SBI's enterprise mobility management program sets the tone for its recently launched 'Work from Home' policy.
"We use mobile computing technologies and exercise continuous control over all the enabled devices centrally to manage and secure the data and applications on the mobile devices. We will use carefully designed MIS and dashboard to enable improvements in work from home approach," he says.
In recast mode
SBI has also created a digital platform called SBI Digi Bank. The platform has three pillars- a financial superstore, an online marketplace and a digital bank for an end to end digitization for all products and services.
"This is a step towards creating branchless banking where all transactions will be done with the help of apps, internet banking, and mobile banking. It will be an omnichannel, one-device digital bank which will be available to both new and existing customers. The digital-only bank will be paperless, device-agnostic, will use the Aadhar infrastructure for not only onboard customers but also provide them services online." he says
The bank is trying to reach its digital customer through its 257 sbiInTouch digital branches. SBI InTouch is the bank's state-of-the-art Digital Branch which facilitates instant opening of accounts, printing, and issue of the personalized debit card, and expert advice on investment through video conference. The bank is working towards removing the use of paper from its branches for end-to-end digitization.
"We are also focusing on making our network connectivity robust. Unlike many of the private banks that are urban-centric, we have a presence in deep and remote geographies. This mandates that before we go all out with digital initiatives, our platforms must be in high availability mode. So it's important to transform the entire platform bringing in intelligent networking technology that straddles across platforms like cloud and WiFi. We need scalable networking technology where concurrency can go up to even 20,000 transactions per second. We have recently improved our network bandwidth from 64 Kbps to 2 Mbps link. We plan to increase the network strength from 8 to 10 Mbps which will bring it on par with several other global banks," he says.
In a major breakthrough, the bank is playing a lead role in bringing lenders and tech companies together for using blockchain technology to share information among banks which will eventually help prevent frauds and tackle bad loans.
"The Bank chain initiative is in partnership with IBM, Microsoft, Skylark, KPMG and 10 commercial banks. We have also tied up with a startup firm Prime chain Technologies for this exercise.We are experimenting with credit finance, consortium information sharing and to help prevent frauds and tackle bad loans. We are also working with IIT Kharagpur and Mumbai to carry out research on the potential of the blockchain," he informs.
To enhance workforce productivity the bank is also looking at deploying software robotics in its back office to automate processes and redeploy branch staff to its salesforce.
"These initiatives are notable in the run- up to the digital transformation of SBI," Bhasin signs off.
Source:Economic Times
Wednesday, 7 December 2016
SBI Employees
08:09
Spouse of bank employee entitled to transfer benefits: HC
Spouse of bank employee entitled to transfer benefits: HC
AHMEDABAD: Gujarat high court has held that a government employee, who is spouse of a nationalized bank employee, is entitled to the inter-district transfer to the place his/her spouse is posted.
Justice S G Shah ordered the state government to transfer a vidhya sahayak from Banaskantha district to Surendranagar district, where her husband is employed with the State Bank of India (SBI).
According to case details, Shobhanaben Kanaiyalal Nayee works in a remote village of Gagana as vidhya sahayak in a primary school. She has a two-year-old child and has been facing difficulties in finding support because her husband works at an SBI branch in Vadhwan in Surendranagar.
The schools teacher repeatedly requested the education department to transfer her to Surendranagar. But the authorities rejected her request on the ground that a February 2014 government resolution, which governs inter-district transfer of a government employee to the place where his/her spouse works, does not mention bank.
The teacher finally approached the high court, where her counsel submitted that by all means SBI can be treated as a board or corporation of the Union government. The village is in dry region on the border of Rajasthan and at given point of time, the teacher has to travel 300km for Surendranagar. After hearing the case, Justice Shah said that SBI is a banking corporation though it is known as bank. Therefore, the teacher is entitled to the February 2014 GR of transfer of policy.
Source:TOI
Tuesday, 23 February 2016
SBI Employees
08:02
REVISION OF PENSION -NEXT HEARING ON 15-03-2016(UPDATED_17-02-2016)
REVISION OF PENSION -NEXT HEARING ON 15-03-2016(UPDATED_17-02-2016)
SBIPensioners WP 1875 of 2013 ....next hearing on 15/3/16
Case at Delhi High Court for revision of Pension
17.02.2016 :
UPDATE OF COURT CASE IN DELHI HIGH COURT
HEARING RESUMED TODAY, AND THE GOVT.'S AND BANK'S COUNSELS WERE ASKED TO FURNISH REPLIES TO THE CLARIFICATIONS SOUGHT BY THE BENCH, ON THE LAST DATE. THE ADDITIONAL SOLICITOR GENERAL, REPRESENTING THE UNION OF INDIA REPORTEDLY SUBMITTED TO THE COURT THAT A COMMITTEE HAD BEEN FORMED ON 10.02.2016, TO DECIDE ON THE ISSUES. HE ALSO REPORTEDLY EXPRESSED DIFFICULTIES TO RESPOND IMMEDIATELY IN VIEW OF THE ENSUING BUDGET EXERCISE. THE BENCH HOWEVER DIRECTED HIM TO REFER TO THE UNION OF INDIA AND FILE A REPLY BY 14.03.2016, AND HEARING WOULD RESUME ON 15.03.2016.
**********************************************************
Extract of the Orders of the Court after the Hearing held on 9/2/16
".IT HAS BEEN SUBMITTED BY THE PETITIONERS BEFORE US THAT EVEN THOUGH THEIR PAY AND ALLOWANCES STOOD REVISED, HOWEVER, ON ACCOUNT OF THE APPLICATION OF THE ABOVE DIRECTION, PENSION FOR THE EMPLOYEES WHO HAD RETIRED PRIOR TO 1ST MARCH, 1999, HAS BEEN COMPUTED AND PAID ON THE BASIS OF PAY WITHOUT ITS REVISION WHICHY HAS CAUSED GRAVE INJUSTICE TO THEM.
LEARNED COUNSEL FOR THE RESPONDENTS ARE UNABLE TO INFORM THIS COURT AS TO THE FATE OF THE APPROVAL WHICH WAS SOUGHT FROM THE CENTRAL GOVERNMENT, AS NOTED IN THE ABOVE CIRCULAR DATED 31ST OCTOBER, 2000.
IT IS SHOWN TO US THAT AS A RESULT, W. E. F. 1ST MARCH, 1999 ONWARDS, PENSION OF THE RETIRING EMPLOYEES STANDS RESTRICTED TO RS 5900/- WHICH WAS EQUIVALENT TO 40% OF THE PRE-REVISED SALARY OF RS 14,800/-. IT HAS BEEN URGED THAT THIS WAS CONTRARY TO THE SECOND PROVISO TO REGULATION 23(1) WHICH PEGGED THE PENSION TO THE ABVERAGE OF THE ACTUAL SALARY DRAWN DURING THE LAST TWELVE MONTHS' PENSIONABLE SERVICE FIXING THE UPPER LIMIT OF PENSION AT 50% OF BASIC PAY UP TO RS 8,500/- OR 40% OF THE ENTIRE PAY EXCEEDING RS 8,500/- SUBJECT TO A MINIMUM OF RS 4,250/-.
GIVEN THE CLEAR MANDATE OF THE REGULATIONS (WHICH HAVE ALSO BEEN CHALLENGED BEFORE US), WE FIND NO
EXPLANATION ON THE RECORD AS TO WHAT APPROVAL WAS BEING SOUGHT,.
WE DIRECT MR. RAJIV KAPUR, LEARNED COUNSEL APPEARING FOR STATE BANK OF INDIA AND MR. KAVINDRA GILL LEARNED COUNSEL FOR UNION OF INDIA TO PLACE BEFORE THIS COURT THE STYATUS OF THE APPROVAL WHICH WAS SOUGHT WITH REGARD TO THE PENSION AND COMMUTATION TO EMPLOYEES WHO HAD RETIRED/RETIRE DRAWING PAY AND ALLOWANCESD IN THE REVISED SCALES FOR THE ABOVE PERIOD, WITHIN ONE WEEK FROM TODAY.
LIST ON 17TH FEBRUARY, 2016."
(Courtesy:SBIPA-WB)
Thursday, 26 November 2015
SBI Employees
22:40
GOVERNMENT HAS APPROVED PENSION FOR THE 10TH BIPARTITE PENSIONERS,
GOVERNMENT HAS APPROVED PENSION FOR THE 10TH BIPARTITE PENSIONERS,
SBI Pensioners
(Message from West Bengal SBI Pensoners' Association)
10TH BIPARTITE PENSION
"WE HAVE RECEIVED CONFIRMATION FROM OUR FEDERATION THAT GOVT. HAS APPROVED PENSION FOR THE 10TH BIPARTITE PENSIONERS, AS PER THEIR 10TH BIPARTITE SALARIES. FURTHER DETAILS ARE AWAITED."
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NB: For other than SBI, Pension benefits arising out of 10th BPS/Jt Note have been already effected by the concerned Banks....(.Editor)
Saturday, 18 July 2015
State Bank of India
08:19
State Bank of India plans to offer 3 percent profit to staff
State Bank of India plans to offer 3 percent profit to staff
State Bank of India (SBI) today said it plans to offer up to 3 per cent of annual profit to employees as part a talent retention and motivation initiative.
The bank has sought permission from the Finance Ministry in this regard, SBI Chairperson Arundhati Bhattacharya told PTI.
“…if you consider the fact that incentivisation is a good way of ensuring people meet up to whatever are the challenges…they respond to them. So to that extent government allows us to share one per cent. We are saying that it is necessary for us to hike that amount to 3 per cent,” she said.
The matter is now before the Finance Minister who will take decision in this regard.
“It is necessary especially for people in senior management and mid-level management, the amount that they get in the private sector is much higher than they get in the public sector,” she said.
As a result what happens is that people who come up to the higher levels because of their merit and hard work, are easily picked up by private sector, she said.
“They have a tendency of leaving and going and this will become more so with newer banks coming in and more players entering the field of banking. Therefore, for meeting competitive pressures, we need to ensure that we are able to remunerate our people better,” she said.
For the fiscal ended March 2015, SBI’s net profit increased 20 per cent to Rs 13,101.57 crore as compared to Rs 10,891.17 crore for the year ended March 2014.
Total income on standalone basis increased to Rs 1,74,972.96 crore from Rs 1,54,903.72 crore for the year ended March 2014.
SBI Group’s consolidated net profit rose 20 per cent to Rs 16,994.30 crore during 2014-15 fiscal as compared to Rs 14,173.77 crore in the previous fiscal.
Besides, the bank is also considering a share-purchase scheme for all employees, irrespective of their posts. The largest public sector lender expects to raise between Rs 800-1,200 crore through this scheme.
The bank has about 2.3 lakh employees.
Source: The Hindu
