SBI rejigs wholesale banking division;eyes bigger market share

Betting big on the country's fast developing corporate sector, banking giant, State Bank of India has re-organised its wholesale banking division under a single platform.

Betting big on the country's fast developing corporate sector, banking giant, State Bank of India (SBI) has re-organised its wholesale banking division under a single platform.

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SBI has formed a core team of senior officials to drive its wholesale banking business and has been providing them expert guidance to cash in on the market opportunities, a highly-placed SBI official told PTI in Mumbai.

"The bank has prepared an internal platform to cash in on the business opportunities in the wholesale banking market. With this, SBI now offers its corporate clients an array of services on a single platform," the official said.

The wholesale banking team is headed by a Deputy Managing Director and has around 35 senior officials at the senior management level, the official said.

Earlier, SBI's wholesale banking business was resodel in place, we would now

offer a set of specialised services such as advisory, collection, capital market related services, treasury products, factoring, custodial services and investment advisory to our clients, the official said.