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ISB Inks Bilateral MOU with SBI
ISB Inks Bilateral MOU with SBI to Partner on multiple areas covering Research and Case Studies & Training
Hyderabad, January 24, 2020: Indian School of Business (ISB) has signed an MoU with State Bank of India (SBI) for partnering on various research, publication and capability building initiatives. The objective of this MoU is to create synergies between the two parties by combining academic research with practical experiences towards developing distinctive content on large scale digital transformations. Areas covered under the partnership include a series of case studies and a book documenting SBI’s digital transformation journey in addition to various other research opportunities.
ISB will capture in various case studies and by way of a book, the transformation journey of SBI, right from the Bank’s inception till the most successful digital banking story in recent times - YONO, through focused themes. Both the institutions will also explore research opportunities in areas like technology diffusion in different geographies, analytics-based customer segmentation, digital gamification of frontline, to name a few.
Lastly, both the institutions will also collaborate in training, white papers, conducting seminars/workshops/conferences and other activities of similar nature.
Speaking on the MoU signing, Shri J. Swaminathan, Dy. Managing Director (Strategy) & Chief Digital Officer, SBI said, “SBI is glad to partner with ISB for this progressive initiative. We are confident that the expertise of both the institutions will complement in building unique capabilities which will support the larger purpose of digital transformation in the times to come.”
Speaking on the development, Dr Rajendra Srivastava, Dean, ISB, said, “The partnership between ISB and SBI is a perfect confluence of academia and industry to develop thought leadership by focusing on industry-oriented research. This is a partnership between two institutional leaders in their respective fields. With its rich legacy, SBI has rich insights and information, while ISB has appropriate world class learning interventions and faculty to study and use them for building a better tomorrow. We look forward to working with SBI, and I am sure that this partnership will be a global benchmark.”
About The Indian School of Business:
Indian School of Business (ISB) is a global business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the past eighteen years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, one among the select 100 global b-schools to have AACSB and EQUIS accreditation, one of the largest providers of Executive Education in Asia, and the most research-productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global b-schools and the backing of an influential Board, have helped the ISB fast emerge as a premier global business school in the emerging markets. For details visit www.isb.edu
About State Bank of India:
SBI, the largest commercial bank in terms of assets, deposits, branches, customers and employees, is also the largest mortgage lender in the country. As on Sept 30, 2019, the bank has a deposit base of over INR 30 lakh crores, with CASA ratio of 45.13% and loan book of over INR 22 lakh crore. SBI commands around 35% of market share in Home Loans and Auto Loans. The Bank has the largest network of 21,929 branches in India and an ATM/CDM network of over 58,567. The number of customers using internet banking facility are more than 66 million and mobile banking services stand at 15.5 million. Downloads for YONO, a first of its kind innovative omnichannel banking & lifestyle platform by SBI, are over 30 million. On social media platforms of Facebook, YouTube, LinkedIn and Pinterest, SBI has the highest number of followers, across all banks worldwide.