State Bank of India enters into MoU with PayPal

State Bank Of India | Bank - Public | BFSI | BSE: 500112 | NSE: SBIN

22 May 2015 Evaluate

State Bank of India (SBI), country’s largest public sector lender, has entered into a Memorandum of Understanding (MoU) with digital payments company PayPal for facilitating cross-border transactions. The partnership will allow SBI's Micro Small and Medium Enterprise (MSME) customers to use PayPal's secure payment solutions.

SBI has registered a rise of 30.24% in its net profit at Rs 2910.06 crore for third quarter ended December 31, 2014 as compared to Rs 2234.34 crore for the same quarter in the previous year. However, total income of the bank has increased 12.07% at Rs 43783.91 crore for Q3FY15 as compared Rs 39067.91 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
State Bank Of India	984.50
PNB	116.80
Bank Of Baroda	232.40
Canara Bank	123.90
Union Bank Of India	177.45
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.