Speaking at a press conference following the inauguration of a new State Bank of India office in Pune, Nirmala Sitharaman remarked that “The challenge posed by advanced AI is fundamentally different from what banks have successfully managed so far.” The statement reflects a deeper structural shift underway in global finance. For decades, banks have relied…
SBICAP Securities, the brokerage subsidiary of State Bank of India, has appointed Bhuvaneshwari A. as its new Managing Director and Chief Executive Officer. A veteran of the SBI Group with over three decades of experience, Bhuvaneshwari began her career as a Probationary Officer in 1994 and has since held multiple leadership roles across retail, operations,…
In a decisive move to fortify India’s rapidly growing digital payments ecosystem, the State Bank of India (SBI) and Bank of Baroda (BoB) are set to lead the creation of a new, technology-driven intelligence entity the Indian Digital Payments Intelligence Corporation (IDPIC). Conceived under the guidance of the Reserve Bank of India (RBI), the initiative…
