State Bank of Hyderabad (SBH) has become one of the few
public sector banks in the country to have achieved full
computerisation. SBH expects to implement the core banking
solution next year to offer anytime anywhere banking at
its 902 branches and 80 ATMs. In an aggressive bid to
expand its reach, the bank plans to expand its population
of ATMs to 250 by March 2004.
to A G Kalmankar, managing director, State Bank of Hyderabad,
the bank had earmarked a total budget of Rs 350 crore
for the technology initiative and so far spent Rs 120
crore in the last one-and-half-a-years.
disclosed that SBH had achieved a total business of Rs
31,500 crore of which deposits were Rs 20,782 crore while
advances stood at Rs 10,803 crore as of end November 2003.
The bank registered an operating profit of Rs 418 crore
for the half-year ended September while its capital adequacy
ratio stood at 15.07 per cent for the same period, Kalmankar
Bhattacharya, managing director SBI, said all the seven
associate banks of SBI would achieve full computerisation
in the next few weeks. "At least four of our associate
banks will have less
than 1 per cent NPAs by March 2004 while the parent bank
(SBI) is expected to lower its NPAs to below two per cent
level by March 2005," he added.