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SBI Unveils New Initiatives on its 69th Foundation Day

Published on July 06, 2024
Current Context: On its 69th Foundation Day, the State Bank of India (SBI) announced a bunch of new initiatives aimed at improving customer experience and widening its reach.
SBI Unveils New Initiatives on its 69th Foundation Day
  • Here's a quick rundown of some of the key initiatives:
    • Digital Banking Enhancements:
      • UPI Tap and Pay: SBI intrduced a new UPI Tap and Pay feature on their BHIM SBI Pay app. This uses Near Field Communication (NFC) technology for contactless payments, making transactions faster and easier.
      • End-to-End Digital Loans: SBI introduced a new feature allowing users to get digital loans against mutual funds through the YONO app.
      • Focus on Agriculture:
      • 35 New Agricultural Centralized Processing Cells: SBI announced the opening of 35 new Agricultural Centralized Processing Cells to improve the efficiency and reduce risks associated with agricultural loans.
      • Improved Customer Support:
      • New Customer Contact Centers: SBI opened two new contact centers in Gurugram and Bengaluru to provide better support to borrowers with loan management and other inquiries. They also plan to open centers in Navi Mumbai and Kolkata.


1 How many new Agricultural Centralized Processing Cells did SBI announce on its 69th Foundation Day?

  • A) 20
  • B) 25
  • C) 35
  • D) 75
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