Likely job cuts, salary reduction to have relatively low impact on SBI: Chairman

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.