State Bank of India (SBI) has opened a dedicated defence banking branch to cater to the needs of the Defence forces here. “This is a new concept and it is the country's first defence banking branch,'' SBI said in a release.
SBI had already tied up with defence personnel with a special package for payment of salaries through SBI's corporate Internet banking.
Mr A. Krishna Kumar, Managing Director and Group Executive, Corporate Centre, SBI, Mumbai, had inaugurated the branch in the presence of Mr Rakesh Sharma, CGM, SBI-AP here on Wednesday.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.