SBI’s new chief to focus on retail banking

Pratip Chaudhuri, who assumed charge as chairman of State Bank of India (SBI) on Thursday said that his aim is to further increase the leadership position of SBI in the industry, with special focus on retail banking. HT reports.

Pratip Chaudhuri, who assumed charge as chairman of State Bank of India (SBI) on Thursday said that his aim is to further increase the leadership position of SBI in the industry, with special focus on retail banking.

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“Till about four years back SBI was not the leader in retail banking at least in the lending side. But now that we have been catapulted to leadership position, we would like to consolidate our gains and increase the leadership position further,” said Chaudhuri, while addressing his first press conference after assuming charge as chairman.

He said that there will be no major change in growth strategy but the bank will focus on improving asset quality.