Mumbai, February 19, 2016: State Bank of India (SBI), country’s largest commercial bank announced the launch of SBI Green PIN. The new initiative was launched by Smt. Arundhati Bhattacharya, Chairman, SBI. Green PIN is an easy and convenient way to generate Debit card PIN through various channels like ATM, Internet Banking, IVR and SMS.
The Green initiative is a step towards paperless banking which will benefit both customers and employees of the bank. Employees will not be required to maintain physical custody of ATM PIN, instead they can be deployed to other beneficial operational analysis at the same time customers does not need to physically visit the branch to get their ATM PIN.
Green PIN will considerably reduce the carbon foot print of the Bank. It will benefit the customers with more convenience by avoiding delay and visits to branch for submitting regeneration ATM PIN requests. This initiative will save substantial cost on stationary and courier.
About State Bank of India
State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Company provides Domestic Operations, International Operations and Treasury Operations. SBI group consists of SBI and five associate banks. The group has an extensive network, with over 22000 plus branches in India and over 190 offices in 36 other countries across the world. As of 31st Sept, 2015, the group had assets worth USD 432 billion and capital & reserves in excess of USD 25 billion. The SBI has over 1/5th market share of the Indian banking sector. SBI's non- banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include investment banking, life insurance, general insurance, mutual funds, credit cards, factoring services, security trading, etc making the SBI Group a truly large financial supermarket and India's financial icon. The bank has over 16,000 domestic branches, 200 foreign branches and close to 57,000 pan-India ATMs.