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SBI inks MoU with South Central Railway

14 Jan 2020 Evaluate

South Central Railway (SCR) has inked a Memorandum of Understanding (MoU) with State Bank of India (SBI) in connection with doorstep banking for direct pick up of earnings covering all 585 railway stations. This will enable hassle-free collection of traffic earnings by SBI and remittance into government account avoiding delay in transmission of traffic cash earnings.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 985.70
PNB 116.90
Bank Of Baroda 232.35
Canara Bank 123.35
Union Bank Of India 177.75
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