SBI to unveil 400 branches in FY25

24 Jun 2024 CW Team

State Bank of India (SBI) is gearing up for a substantial network expansion in the current financial year, aiming to establish 400 new branches nationwide.

SBI, the largest lender in the country, inaugurated 137 branches in the previous fiscal year, including 59 branches in rural areas as part of its on-going efforts to extend its reach.

In an interview with the source, SBI Chairman Dinesh Kumar Khara addressed queries about the relevance of branches in an increasingly digital age, where 89% of transactions occur digitally and only 2% are conducted within branches. Khara emphasised the continued importance of branches, especially for delivering advisory and wealth management services that require personal interaction.

"We will strategically identify locations with growth potential and prioritise them for new branch openings. Our plan is to add approximately 400 branches this year," Khara stated.

As of March 2024, SBI operates a vast network of 22,542 branches across India, underscoring its commitment to serving diverse customer needs nationwide. (Source: PTI & ZEE)

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..