Our Business Associates

Our Business Associates

SIGN entered into Business Correspondent Agreement with premier Banks to serve the BOP people

Partnering Banks

 

State Bank of India

State Bank of India (SBI) is an Indian multinational,

public sector banking and financial services company. It is a government-owned bank headquartered in Mumbai, Maharashtra. The company is ranked 217th on the Fortune Global 500 list of the world’s biggest corporations as of 2017. It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market.

 SBI has 18,354 branches in India.

Under the Pradhan Mantri Jan Dhan Yojana of financial inclusion launched by Government of India in August 2014, SBI has taken the lead role in mobilising accounts in rural India.

The bank have 191 overseas offices spread over 36 countries having the largest presence in foreign markets among Indian banks.

SBI operates several foreign subsidiaries and affiliates.

SIGN is running close to 400  Customer Service Points (CSPs) with State Bank of India in Bihar and Jharkhand and 63 in the state of Odisha.

Our functional responsibilities are to manage various financial and reputational risks for the ‘Low-value – High Volume’ transactions. We manage around 43 lacs  number of transactions amounting to INR 2200 crore per annum through this channel.

Union Bank of India

Union Bank of India was established on 11th November 1919 with its headquarters in the city of Bombay now known as Mumbai. The Bank now operates through over  4200+ branches across the country. The Bank has a large clientele base of over  5.7 crores.

SIGN is managing 78 CSPs for the bank in  western districts of Odisha and 113 CSPs in Assam and other NE States under PMJDY.

As of now NO service charges are levied to customers by the bank on the services being offered through Customer Service Points. For any complaint, please contact Mr Amit Mondal at 090385 75727 or email at amitsamvriddhi@gmail.com

At present (2018-19) approximately INR 170 crores transactions per annum are carried out through this channel.

Utkal Grameen Bank

A Regional Rural Bank sponsored by State Bank of India (SBI) . The Bank operates in 17 districts of Western and Southern Odisha  covering 57% of the total districts and 63% of the geographical area and 48% of the total population of the State as per 2001 census.

Out of 17 districts, the bank has appointed SIGN to set up CSPs in 8 districts. As of now 150 CSPs have been set up. Approximately INR 100 crores worth transactions per annum are being routed through this channel (FY 2018-19).

PROSPECTIVE TIE-UPS:

SIGN is in the process of tying up with one Small Finance Bank to set up CSPs in the Central and Eastern Region.

 

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