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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1017.15
-60.40 (-5.61%) SBI inks MoU with IRCTC to promote rail ticketing
Date: 21-07-2016State 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.