New Delhi, October 6: SBI's chairman Rajnish Kumar said that the bank will completely transform itself in next three years. Talking about the changes, Rajnish stated that it is already in advanced discussions on how to revive corporate credit growth, and resolve non-performing assets.

Kumar also said that the Indian economy is undergoing a transformation and that the banking industry is facing huge challenges.

"Infrastructure and consumer spend is where bank has huge opportunities, and bank is well positioned to capitalise on them," he added.

He said that while corporate credit growth was muted, credit was growing well on the consumer front. Kumar added that discussions were ongoing on how to revive corporate credit growth and on resolving non-performing assets.

He will take over from current Chairman Arundhati Bhattacharya, who will complete her four-year term on Friday. His name was finalised by the Cabinet's appointments committee on Wednesday.