State bank of India has come up with the “dynamic rating” to curb with the bad loans. The Dynamic rating will help the bank to adjust loan pricing and risk appetite accordingly. IN order to check whether there is a fall in rating or not the bank has decided to launch the Dynamic rating.
On the other hand bank has also operationalised its security operations centre. SBI is working to make its banking more enhanced and convenient for its customers. SBI is installing passbook printers through customers will be able to get their passbook updated themselves. By the end of the year bank has plan to equip 2500 such passbook printers.