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STATE BANK OF INDIA: A HISTORICAL APPRAISAL OF CONTRIBUTIONS AND POST-DEMONETIZATION ECONOMIC TRANSFORMATIONS


Shankar R.N, Ram Shepherd Bheenaveni
Department of Economics, Osmania University, Hyderabad-500007, (T.S.), India
Abstract
The current study traces the history of the State Bank of India (SBI) from its colonial roots to its current function as a catalyst for India’s economic progress. SBIs progress parallels the expansion of the country, handling obstacles and transitions. Notably, the post-demonetization phase catapulted SBI into a pivotal role, propelling digitalization and financial inclusion. The impact of demonetization was a watershed event for SBI, reinforcing its commitment to innovation and changing its approach to financial services. SBI, via its technical skill and agility, not only accepted but also used change to improve client experiences and operational efficiency, cementing its history as a dynamic and prominent institution in the countrys banking sector.
Keywords: State Bank of India, Bank, Banking History, Bank Services, Demonetization
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Published on : 2023-09-20

Vol : 11
Issue : 9
Month : September
Year : 2023
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