State Bank Of India

State Bank of India (SBI), the country’s largest public sector lender, will enter into an agreement with MMTC to sell government-minted ‘Indian Gold Coin’. The coin is available in denominations of 5gm, 10gm and 20 gm bar.

MMTC, the state-run bullion trader, which has already tied up with over half a dozen banks, has so far sold one lakh pieces of ‘Indian Gold Coin’ and has set a target of selling 5 lakhs units in the next few years.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. The Bank has reported 34.56% fall in its net profit at Rs 2,538.32 crore for second quarter ended September 30, 2016 as compared to Rs 3879.07 crore for the same quarter in the previous year.