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.
Our functional responsibilities are to manage various financial and reputational risks for the ‘Low-value – High Volume’ transactions.
Punjab National Bank
Further the company has been shortlisted empanelled by Punjab National Bank for carrying out the bank’s Financial Inclusion Projects in India, which will commence in FY 2021-22. SIGN is also talking to other Banks including Small Finance Banks to set up CSPs in the Eastern and NE regions.
Bank Of Baroda
“SIGN has signed Service Level Agreement (SLA) with Bank of Baroda in July 2021 and has started the ground work to set up CSPs. SIGN Has started appointing CSPs in the states of West Bengal, Assam, Odisha, Bihar, Jharkhand, Tamil Nadu, Karnataka, Kerala, Andhra Pradesh, Telengana, Uttar Pradesh & Maharashtra. “
SIGN has signed Service Level Agreement (SLA) with Bank of Baroda in July 2021 and has started the ground work to set up CSPs.
Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. The Bank has more than 3000 Service Units spread all over India and also operates in International Markets.
SIGN operates UCO CSPs in entire the North Eastern states, West Bengal and Odisha having 250 plus active CSPs and expanding further to set up additional 100 points in FY 2021-22.
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.