SBI Current Affairs - 2020

SBI unveils MobiCash Easy

 image State Bank of India (SBI) has unveiled its mobile wallet named State Bank MobiCash Easy which provides facilities such as fund transfer, bill payment, balance inquiry, mini statement, mobile top-ups and DTH recharge etc.

How does SBI’s MobiCash works?

SBI, RDIF collaborate to form $2 billion consortium

To encourage investments b/w the two nations, India’s State Bank of India (SBI) and Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) came together to ink an MoU for setting up a $2 billion investment consortium. Both the groups would invest up to $1 billion each in the consortium.

How this consortium would work?