State Bank of India claims to be the fastest transition bank after a merge with it associate banks. This integration resulted in adding 6,200 more branches to it and creating the enormous network of 17,000 peers.
Deputy MD of SBI Mrutyunjay Mahapatra said in a statement, "As far as customers of associate banks are concerned they will get the full SBI experience from April 1. It is only for availing non-home branch services like accessing their account from other SBI branches they will have to wait for six weeks."
While talking about the SBI's investments in hardware technology to maintain the database Mahapatra further added, "Our customer accounts will rise from 55 crores to around 75 crores. Although our systems were capable of handling 100 crore accounts, we found optimal performance was when capacity utilization was around 60-70%. We, therefore, doubled the capacity of the database to handle 200 crore accounts."
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