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State Bank of India partners with NSE Academy to launch five online courses

State Bank of India partners with NSE Academy to launch five online courses 1

Mumbai, February 10, 2022: TheState Bank of India (SBI), a leading Banking and Financial Services Group in India through its Strategic Training Unit is proud to announce their partnership with NSE Academy that promotes financial literacy as a necessary life skill. Learners can start to enroll for the five inaugural MOOCs of SBI on the NSE Knowledge Hub platform as a part of this strategic association from today.

The courses curated by SBI are a good blend of theory and operational aspects which will enable learners to have a deeper understanding of fundamentals of banking, compliance, lending norms and a host of other topics. These courses have been designed and developed by practising bankers possessing rich experience and excellent academic credentials. The courses are suitably enriched with real-life case studies and scenarios, thus offering experiential learning for working professionals and learners.

Shri Om Prakash Mishra, DMD (HR) & CDO, SBI said “It gives me immense pleasure to announce SBI’s partnership with NSE Academy, which is a wholly owned subsidiary of National Stock Exchange of India. We are sanguine that our collaboration with focus on functional courses, for learners in the BFSI sector, will benefit millions of career-oriented individuals. We believe that SBI’s e-courses will enable learners to gather good knowledge of various aspects of banking and financial services and help them add value in their professional lives.”

Ms. Lakshmi R Srinivas, Chief General Manager & Head (Strategic Training Unit), SBI, said: “We are excited to offer our courses to learners across the country in association with NSE Academy. We are initially offering five courses with an aim to provide an understanding of different aspects of banking-to-banking professionals, students and other learners.”

1)         “Banking Fundamentals” provides basic banking knowledge.

2)        “MSME Lending in a Nutshell” is designed especially for SME entrepreneurs, Banking professionals, and will also be of interest to students.

3)        “Electronic Payment System in India” offers basic information on electronic and digital payment systems.

4)         The course” Priority Sector Lending Norms” provides insights into the significance of Priority sector lending and guidelines

5)         The course “NRI Business & Compliance” empowers learners with knowledge of rules and regulations governing NRI Business and compliance.

Enrollment for the courses opens today. The course duration ranges from 3-6 weeks, and learners are expected to spend 2-3 hours each week on the course.

Mr. Vikram Limaye, MD & CEO, NSE said “NSE has always been at the forefront of driving innovation in the Indian BFSI sector. Our collaboration with India’s largest bank shall bring unique learning opportunities to benefit professionals aspiring to build careers in banking services.”

Mr. Ravi Varanasi, Group President and Chief Business Development Officer, NSE said “This collaboration with SBI will add to NSE Academy’s integral role in developing competitive skillsets for professionals. By providing curated and insightful content to the NSE Knowledge Hub, SBI will enable professionals to gain knowledge in various areas of banking.”

About State Bank of India:

State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of 30 lakh Indian families. The home loan portfolio of the bank has crossed the milestone of Rs. 5 lakh crore. As on December 31, 2021, the bank has a deposit base of over Rs. 38 lakh crore with CASA ratio of 45.74% and advances of more than Rs. 28 lakh crore. SBI commands a market share of close to 36% and a little over 28% in home loans and auto loans segment respectively. SBI has the largest network of 22,253 branches and 64,216 ATM / CDM in India with 69,500 BC outlets. The number of customers using internet banking and mobile banking stand at 97 million and 45 million respectively. The integrated digital and lifestyle platform by SBI – YONO, which has more than 45 million registered users, witnessed over 10 million average daily logins in Q3 FY 22. Accelerating the digital agenda, the bank has opened around 29,000 new digital savings bank accounts per day via YONO in the quarter ended December 2021. In terms of digital lending, the bank disbursed pre-approved personal loans worth Rs. 6,283 crore through YONO till Q3 of FY22. SBI also has the highest number of followers on Facebook and Twitter amongst all the banks worldwide.

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