Hyderabad – A total of 28 representatives of 15 banking and financial institutions from eight Asian countries gathered in Hyderabad, India to attend the short-term visiting program hosted by the State Bank of India (SBI) on July 27-28, 2017. The program participants were joined by three officers from SBI who shared their expertise and experience on various aspects of banking operations.
Conducted at the State Bank Staff College, the two-day SBI program covered topics such as Global Market/Treasury; New Business Initiatives – Digital Banking: Connecting with Customers; Reaching out – Financial Inclusion; Connecting with the Customers – Social Media and Data Analysis; Risk Management; KYC/AML/CFT/Money Laundering/FATCA Compliance and Challenges; Developing Future Leaders; and e-Smart SME-MSME Lending/Supply Chain.
The participants also had the opportunity to visit a branch and the central processing cell of SBI.
The primary objective of ABA’s short-term visiting program is to provide member banks the opportunity to study and undergo training on specific aspects of the operations of member banks. The idea is to enable the visitors to: (i) enhance and upgrade their technical skills and knowledge in specific banking areas in the distinct and peculiar social, economic and business environment of the host country, and (ii) gain first-hand knowledge of the operations, systems and work procedures of the host bank’s various line departments.
The SBI is a government-owned corporation with its headquarters in Mumbai. SBI is in the league of the top 50 global banks with total assets of US$350 billion, 277,000 employees, 500 million customers, and more than 22,500 branches and 58,000 ATMs. SBI’s market share is estimated at about 20 percent in deposits and loans among Indian commercial banks. It has 198 offices in 37 countries and 301 correspondents in 72 countries. The company is ranked 232nd on the Fortune Global 500 list of the world’s biggest corporations as of 2016.
SBI is a long-standing and very active member of the ABA and is allocated a seat in the ABA Board of Directors. The bank will be hosting the 34th ABA General Meeting and Conference on November 16-16, 2017 in Mumbai.