SBI launches digital initiatives

Q.  SBI has launched three digital initiatives. This includes which of the following?:
- Published on 04 Jul 16

a. Mingle
b. Single
c. Jingle
d. Tingle

ANSWER: Mingle
 
Country’s largest lender, SBI has launched three digital initiatives and aims to print its branch network once its associated have merged.
  • SBI can debut on social media by launching the platform called Mingle through which FB and Twitter users can transact business.
  • Customers have to register for the service through a simple one time registration process using their account number or ATM Debit card details
  • Another initiative is a tie up with Flipkart through which the bank will extend loans to select customers for purchases above INR 5000
  • SBI has indicated at present, one million customers can avail this loan
  • Another initiative is the SBI Digital Villages which will transform selected villages into safe, healthy and vibrant digital centres
  • A total of 21 villages have been covered under this initiative
  • SBI will bring more than 6000 branches into its fold once the 5 associates merge

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