Why State Bank of India is afraid of small but nimble fintech companies

Why State Bank of India is afraid of small but nimble fintech companies

“Today, the risk is the disruption that is caused by technology," SBI chairman Rajnish Kumar said. More than 24,000 branches and 42 crore customers make the State Bank of India BSE -0.70 % the goliath of all banks by sheer size and physical presence but its new chairman Rajnish Kumar is worried about the competition from nimble fintech companies . “Today, the risk is the disruption that is caused by the technology ,“ Rajnish Kumar, chairman, State Bank of India told ET in an interview. “We have to be very alert to this challenge. Protecting the turf and meeting […]