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INDVSTRVSMay 10, 2017

Since India’s largest public sector bank, State Bank of India (SBI) announced the formation of the country’s first such exploration consortium for banks, Bank-Chain, during an industry meeting in Mumbai in February earlier this year, there’s been a lot of positive industry feedback. However, there’s been little discussion around the impact of the inevitable, major employment losses the banking sector will undergo due to industry transformation – with one report projecting a net loss of over five million jobs by 2020 world-wide.