New Delhi, April 29 (IANS) The State Bank of India (SBI) will offer essential banking services to more than 1.8 million people who travel between India and neighbouring countries like Nepal, Bhutan, and Bangladesh through land ports, its Chief General Manager, Debashish Mishra, said on Tuesday.
Highlighting the bank’s phased expansion strategy, Mishra told IANS that the SBI aims to cover key land ports such as Petrapole on the Bangladesh border in West Bengal and Raxaul on the Nepal border in Bihar within the next six months.
“These locations alone account for nearly 80 per cent of the cross-border footfall,” he told IANS.
Mishra made the statement after the signing of a Memorandum of Understanding (MoU) between SBI and the Land Ports Authority of India (LPAI).
Under this agreement, the country’s largest public sector bank will provide a range of financial services at the entry and exit points managed by the authority.
These include foreign exchange, export-import support, card payment services, and corporate salary packages.
Currently, the LPAI operates 15 land entry and exit points, and 11 more are in the pipeline. The LPAI is a statutory body under the Ministry of Home Affairs, tasked with the development, modernisation, and management of land border infrastructure, particularly Integrated Check Posts (ICPs).
Its main objective is to ensure smooth and efficient movement of goods and passengers across India’s international borders while maintaining high standards of security.
According to Mishra, the SBI has 11 branches located near these ports and plans to expand its presence further by opening more branches or banking outlets as needed.
In addition to physical services, the SBI will offer digital banking facilities including net banking, phone banking, debit and credit cards, foreign travel cards, and point-of-sale (POS) terminals.
This integrated approach is expected to provide a comprehensive banking solution to people living and travelling through these regions.
The SBI, which serves over 500 million customers across India, operates more than 22,500 branches and has a network of 63,580 ATMs nationwide.
–IANS
pk/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
