Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.201)


Which bank has partnered with Government e-Marketplace for payment related issues?

[A]. State Bank of India
[B]. Central Bank of India

Answer: Option B


GeM signed MoU with Central Bank of India. The Central Bank of India will be able to offer an array of services includes the transfer of funds through GeM Pool Accounts (GPA) to the registered users on the portal. The payments and various banking services is one of the priorities for GeM towards the goal of a paperless, contactless and cashless system. GeM already signed MoU with 18 Public Sector and Private Banks.

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