Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.55)

55. 

Employees' State Insurance Corporation has signed an Memorandum of Agreement with which of the following bank for the e-payment services?

[A]. Kotak Mahindra Bank
[B]. Axis
[C]. HDFC
[D]. SBI

Answer: Option D

Explanation:

A Memorandum of Agreement has been signed between the Employees' State Insurance Corporation (ESIC) and SBI. The SBI would provide e-payment services directly to the bank accounts of all ESIC beneficiaries and payees without any manual intervention. The SBI would provide e-payment integration with the Enterprise Resource Planning (ERP) processes of ESIC.

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