MoU between Railways and SBI for door step banking

On January 14, 2020, the South-Central Railways and SBI signed MoU to implement door step banking in 585 railway stations Highlights The MoU will enable direct pick up of cash from all the railway stations included in the MoU. Before the agreement, the earnings generated at the railway stations were manually sent to nearest banks ..

Month: Current Affairs - January, 2020

Category: Economy & Banking Current Affairs

Topics: Indian Railway • MOU • Rail Ticketing • Railway Modernisation • Railway Ticketings • SBI • South Central Railway • South Central Railway zone

Approvals made by CCI on 13th December 2019

The Competition Commission of India was established on 14th October 2003 under the Competition Act 2002. The Competition Act 2002 was passed by the parliament to prevent activities that may lead to an appreciable adverse effect on competition between companies, Industries in India. Following approvals were made by the competition commission of India on Friday, ..

Category: Economy & Banking Current Affairs

Topics: Azim Premji • Competition Act 2002 • Competition Commission of India • Edelweiss • Honey Wheat • SBI

NTPC signs term loan of Rs 5000 crore with SBI

The largest power company of India, National Thermal Power Corporation (NTPC) Limited has signed a term loan agreement of Rs 5000 crore with the country’s largest lender, the State Bank of India(SBI). The loan will be utilized to part finance the capital expenditure of NTPC and has a door to door tenure of 15 years. ..

Category: Economy & Banking Current Affairs

Topics: Government of India • National Thermal Power Corporation Limited • NTPC • SBI • State Bank of India

U GRO ink loan co-origination agreement with SBI

U GRO Capital has entered into a Small and Medium Enterprises (SME) loan co-origination agreement with the country’s largest lender State Bank of India (SBI) to increase loan disbursal and to maximize the credit outreach. GRO-Xstream is an indigenously developed proprietary technology platform of U GRO capital that will provide in-principle loan approval within 60 ..

Category: Economy & Banking Current Affairs

Topics: Bank of Baroda • co-origination • gro-xstream • SBI • SME • State Bank of India • u gro • U gro capital

To promote Digital Payment, SBI plans to eliminate Debit Cards

To provide a flip to the government’s vision to increase digital payments in India, the largest bank in India, the State Bank of India (SBI) plans to eliminate plastic debit cards. What is happening? As per the chairman of SBI, the SBI plans to eliminate the debit cards to provide an impetus for its customers ..

Topics: Banking • Credit card • Debit card • Digital Banking • SBI • YONO