
RBI gives nod to State Bank of India's HR subsidiary to manage costs efficiently
SBI has received the approval from the RBI for setting up an Operation Support Subsidiary for supporting RUSU (rural and semi-urban) branches in outreach for agri & MSME loan activities, etc.
Sanjeev Naryani has been nominated director on the board of State Bank Operations Support Services Pvt Ltd, which will be engaged in supporting outreach activities at RUSU branches.