SBI Chairman Rajnish Kumar said the likely job cuts and salary reductions amid COVID-19 will have 'relatively low level' of impact on the bank. "The bank was able to achieve 98% branch operability and 91% alternate channel operability during lockdown," he added. Kumar said he was confident that SBI will achieve robust performance in FY21, like it did in FY20.
SBI Chairman Rajnish Kumar said the likely job cuts and salary reductions amid COVID-19 will have 'relatively low level' of impact on the bank. "The bank was able to achieve 98% branch operability and 91% alternate channel operability during lockdown," he added. Kumar said he was confident that SBI will achieve robust performance in FY21, like it did in FY20.