SBI to relocate 1,600 branches

Branch relocations will be governed by business potential and govt's financial inclusion agenda

State Bank of India will relocate 1,500-1,600 branches after April as part of a consolidation exercise.

Five associate banks — State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore — will merge with parent State Bank of India on April 1.

Rajnish Kumar, managing director, national banking group, State Bank of India, said the branch count would remain at 24,000 and the emphasis would be on  increasing the number of touchpoints and improving service quality. 

Branch relocations will be governed by business potential and the government’s financial inclusion agenda. 

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