Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: due date for vat payment :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: Central Excise rule to resale the machines to a new company
 
 
« Mergers and Acquisitions »
 Deals of the day-Mergers and acquisitions Nov 14, 2017
 Largest cybersecurity M&A deals in 2017
 State Bank of India eyes profitable expansion outside home
 Deals of the day-Mergers and acquisitions Nov 6, 2017
 Large merger and acquisitions back in Indian pharma
 RBI norms may spur digital wallet mergers
 How Indian businesses are evolving M&A strategies
 Deals of the day-Mergers and acquisitions Nov 3, 2017
 Ease of doing business in India remains a major concern: Airtel’s Sunil Mittal
 Mergers and Acquisitions hit by demonetisation, GST roll out
 M&A deals in pharma sector decline in 2017, amid tough business conditions

SBI, Airtel join hands for banking services
January, 13th 2011

State Bank of India (SBI) and Bharti Airtel on Wednesday decided to join hands to form a joint venture to make available banking services to the uncovered population of the country.

A new entity will be floated with an investment of Rs.100 crore to add value to the banking and financial services sector.

The joint venture will become the business correspondent of SBI and offer banking products and services at affordable cost to the citizens.

Business correspondents are persons who, besides helping rural people to open bank accounts, would facilitate in banking transactions. Their key role is to accept deposits and remit money.

In the newly formed joint venture company, SBI will hold 51 per cent stake and Bharti Airtel the balance.

This joint venture will bring together the commitment of the two institutions, which will enable the bank reaching out to every Indian leveraging the distribution network of Airtel to provide banking services,'' SBI Chairman O. P. Bhatt said.

The joint venture as business correspondent will engage Airtel's retailers as customer service points (CSPs) across the country in a phased manner.

The new entity will harness the power of SBI's strengths and Airtel's mobile telephony to add value to the banking and financial services sector. With this joint venture, the existing, new Airtel and other mobile customers will be able to visit these outlets and open new SBI bank accounts and avail themselves of other banking products and services available at the CSPs.

Additionally, the existing SBI customers will get serviced at these outlets. This partnership represents a first-of-its kind collaboration, aimed at making the concept of inclusive banking a reality for customers in India.

This historic collaboration between SBI and Airtel will create scalable operations that will address the banking requirements of millions of Indians through the mobile platform,'' Bharti Airtel Chairman and Managing Director Sunil Bharti Mittal said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions