Reported by: banking|Updated: April 4, 2018
State Bank of India has revamped its training system to make it more relevant to the fast-changing external environment. The bank has 60 training institutes spread across the country and trains 4200 employees per day. It said to focus on specialization, it has verticalized the six apex training institutes at Hyderabad, Kolkata, Gurugram and Indore centers into domain specific institutes. Under the new training system, the bank will be re-skilling its 2.6 lakh employees through customized role-based certifications. For strengthening and developing its leadership pipeline, the bank has devised and rolled out a competency framework and conducting online competency assessment and 360-degree feedback for around 1100 top executives. This would help the bank in identifying their training needs and facilitate holistic development of their leaders and of other banks, it said. The bank also has entered into partnership with two of the leading executive education providing institutes for rolling out co-branded leadership development programs at State Bank Institute of Leadership (SBIL), Kolkata, which will serve as the flagship institute for training top executives in the BFSI sector.