SBI, ICICI join hands with telcos for mobile banking

摘要

Two major banks, State Bank of India (SBI) and ICICI Banks are joining hands with India's leading cellular operators to launch mobile banking operations. While SBI inked a pact with Airtel, private banking major ICICI Bank has signed up with Vodafone. According to a Reuters report, in the last four years, SBI has set up 15,000 customer service points of business correspondents as well as 13,000 business facilitators.