New 55% Off on All Courses - Enroll Now! Click Here

    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?
    A Bank of Baroda Correct Answer Incorrect Answer
    B Indian Overseas Bank Correct Answer Incorrect Answer
    C State Bank of India Correct Answer Incorrect Answer
    D Union Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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.

    Practice Next