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SBI inks MoU with IRCTC to promote rail ticketing

21 Jul 2016 Evaluate

State Bank of India (SBI), the country’s largest lender, has inked a Memorandum of Understanding (MoU) with Indian Railway Catering and Tourism Corporation (IRCTC) on July 18, 2016, to chalk out a detailed plan for promotion of rail ticketing activities, including internet ticketing and unreserved ticketing system.

Both will jointly explore areas of cooperation and draw up a detailed plan for promotion of rail ticketing activities. In addition, both will offer services jointly, subject to financial viability.

IRCTC is a subsidiary of the Indian Railways that handles the catering, tourism and online ticketing operations of the Indian railways.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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