Digital India: SBI targets business worth Rs 1 lakh cr

Source: The Hitavada      Date: 15 Apr 2017 08:33:52


Apr 14 ,


THE country’s largest lender SBI on Friday said it aimed to reach 5.2 lakh Acceptance Touch Points and collectively do Rs 1 lakh crore transaction in 2017-18 to take forward the Government’s digital agenda. The State Bank of India (SBI) said in a statement that it has implemented various initiatives as part of Digital India and Digi Dhan Mela campaign launched by the government.

These, include adoption of 110 villages to develop digital eco system, and targeting  deployment of 25,000 terminals at 12,500 villages under a NABARD scheme.

“In FY 2017-18, the bank’s ambition is to reach 5.2 lakh Acceptance Touch Points which include 4 lakh Digital PoS (Bharat QR and Aadhaar Pay) and collectively will receive Rs 1 lakh crore of transaction value,” State Bank of India (SBI) said.