Question
Which bank has launched 'Mobile Handheld Devices for its
financial inclusion customers in a bid to enhance accessibility and convenience & will provide five core banking services that account for 75 percent of transactions conducted at CSP outlets in its first phase?Solution
The State Bank of India (SBI) has launched a 'Mobile Handheld Device’ for its financial inclusion customers in a bid to enhance accessibility and convenience. In its first phase, the device will provide five core banking services that account for 75 percent of transactions conducted at CSP outlets. These include cash withdrawals, cash deposits, fund transfers, balance inquiries, and mini statements.
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