More Stories

Informist, Thursday, Nov. 13, 2025

 

NEW DELHI – State Bank of India, the country's largest bank, aims to complete the modernisation of its core-banking infrastructure within the next two years, the lender's Managing Director Ashwini Kumar Tewari Thursday said in Singapore. Tewari, who looks at SBI's corporate banking and subsidiaries, said the bank will modernise its legacy systems while maintaining continuity and resilience.

 

At the Singapore FinTech Festival, Tewari said that SBI has been working on a four-axis strategy of modernisation. The bank has been upgrading its hardware, migrating its operating systems to Linux from Unix, externalising functions such as vendor and government payments, and introducing microservices for operations like inquiries and accounting. SBI is also building a private cloud infrastructure to ensure scalability while maintaining regulatory compliance and data security, the managing director said. 

 

On SBI's partnership model with the fintech ecosystem, Tewari said the bank has developed a sandbox and innovation hub. This has opened access to nearly 300 application programming interfaces that allow fintech companies to test and integrate their solutions with SBI's systems, he said. 

 

Tewari said that SBI is now deploying agentic artificial intelligence through a fintech partner to verify trade finance documents such as guarantees and letters of credit, which is helping both internal teams and customers with faster and more accurate processing. "He noted that AI applications are also being explored in areas like service ticket resolution and document analysis to enhance operational efficiency," the bank said in a release.

 

The country's largest lender reported a net profit of INR 201.60 billion for the September quarter, up 10% on year and 5.2% on quarter. SBI's net profit surpassed analysts' estimate due to a one-time gain from the proceeds of its stake sale in YES Bank in the reporting quarter. Shares of the state-owned bank Thursday ended 0.3% lower at INR 954.00 on the National Stock Exchange.  End

 

Reported by Shubham Rana

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.