State Bank Of India

State Bank of India (SBI), the nation’s biggest lender, in partnership with MasterCard, has launched its first multi-currency international debit card to allow customer to use a single card to pay in multiple currencies. To start with, the card can be issued/ reloaded/ refunded at 100 select branches in Mumbai, Delhi, Chennai and Bangalore Cities and can be loaded in any / all of the four currencies (USD, GBP, Euro and SGD). The number of branches and currencies will be increased going forward.

The bank’s net profit for the quarter ended June 30, 2014 rose by 3.33% at Rs 3349.08 crore as compared to Rs 3241.08 crore for the quarter ended June 30, 2013. Its total income has increased by 12.56% to Rs 40739.21 crore for the quarter under review from Rs 36192.62 crore for the corresponding quarter of the previous year.