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: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT RATES :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: articles on VAT and GST in India :: cpt :: due date for vat payment :: form 3cd
 
 
Mergers and Acquisitions »
 Is India a more conducive market for mergers than acquisitions?
 Decoding The Merger And Acquisitions Trends In Indian Startup Ecosystem
 India witnesses high level of merger and acquisition in online food delivery start-up space
 Financial services ripe for mergers and acquisitions
 Telecom M&As mean better spectrum utilisation, services: Govt
 Vodafone India-Idea Cellular merger deal gets CCI nod
 Surge in due diligence activity brings flood of business to big four
 As Reliance rolls out Jio Phone for 'free', mergers among smaller telcos may accelerate
 Building market institutions can help M&As move faster
 How corporate mergers and acquisitions impact small investors
 Merger control triggers and thresholds in India

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