Thursday, January 3, 2008

SBI Tie up with Post Offices

State Bank of India has entered into an alliance with India Post in Kerala for making available some of its services to the public in financial inclusion. An agreement to this effect was signed here on Wednesday between Mr Niranjan Parsha, General Manager, SBI, Kerala Circle, and Mr Mervin Alexander, Director of Postal Services, India Post. As per the agreement, India Post will act as a business facilitator/business correspondent of SBI to extend the reach of banking serv ices, especially in un-banked or under-banked areas. Select post offices in the State will make available to the public SBI's deposit and loan products.
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