SBI launches NAV-eCash card in collaboration with Indian navy_00.1
Current Affairs   »   SBI launches NAV-eCash card in collaboration...

SBI launches NAV-eCash card in collaboration with Indian navy

SBI launches NAV-eCash card in collaboration with Indian navy_50.1

State Bank of India (SBI) has announced the launch of SBI’s NAV-eCash card on INS Vikramaditya, the largest naval aircraft carrier of India. The new journey envisioned for the card is set to change the payment ecosystem, while the ship is sailing with no dependency on utilisation of any form of cash to avail any of the services on board.

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The new NAV-eCash card will facilitate both online and offline transactions. The card will obviate the difficulties faced by personnel onboard in handling physical cash during deployment of the ship at high seas. The new journey envisioned in the form of a NAV-eCash Card will change the payment ecosystem while the ship is sailing with no dependency on cash for utilization of any of the services on board.

Important takeaways for all competitive exams:

  • SBI Chairperson: Dinesh Kumar Khara.
  • SBI Headquarters: Mumbai.
  • SBI Founded: 1 July 1955.

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