SBI to put more retail products on digital space

Kolkata: Country’s largest lender State Bank of India (SBI) on Tuesday said that it would put more retail products in the digital space and use analytics to study spending habits. “In the digital space, SBI will now put more retail products. This is because adoption in the digital space will be more quick as compared to conventional transactional banking”, chairperson of the bank Arundhati Bhattacharya said. She said that the bank using the digital space, would be married to analytics to study the spending habits of the consumers. “But this will be bit intrusive”, she said. Relating to the corporate side, the bank was looking at value-additions using platforms to bring together the buyer and sellers and use analytics to find out who is producing what, she said at a FICCI session here. Lamenting that credit growth in the economy, she said that ideally it should be nine per cent given the GDP and inflation figures. (PTI)