State Bank of India (SBI), the country’s largest public sector lender, has introduced SBI eforex, an Internet- based platform, which allows customers to book their foreign exchange transactions online. The SBI eforex is an innovative platform incorporating robust security features and is designed to be user-friendly, fast and convenient. It is a highly flexible product offering the facility to the customers to customise and set their own limits for deal size, daily transaction limits.
The bank has posted a rise of 23.06% in its net profit at Rs 3742.02 crore for the quarter ended March 31, 2015 as compared to Rs 3040.74 crore for the same quarter in the previous year. Total income of the bank has increased by 14.54% at Rs 48616.41 crore for quarter under review as compared to Rs 42443.27 crore for the quarter ended March 31, 2014.
