SBI to Power Banking Services at 26 Land Ports Across India
In a significant move to bolster India’s cross-border trade and passenger movement infrastructure, the State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Land Ports Authority of India (LPAI). This strategic partnership aims to establish and upgrade banking services across 26 land ports in India that connect with neighboring countries such as Nepal, Bangladesh, Bhutan, and Myanmar.
On April 29, 2025, SBI signed an MoU with LPAI to provide modern banking infrastructure at land ports to facilitate international trade, forex transactions, and financial services, aligning with India’s vision of Viksit Bharat by 2047.
| Summary/Static | Details |
| Why in the news? | SBI to Power Banking Services at 26 Land Ports Across India |
| MoU Parties | SBI and Land Ports Authority of India (LPAI) |
| No. of Land Ports | Covered 26 (15 operational, 11 upcoming) |
| Trade Volume (2023-24) | ₹70,952 crore |
| Passenger Movement | 30.46 lakh annually |
| SBI Goals | Raise trade to ₹2 trillion by 2030 |
| Key Services | Forex, insurance, digital banking, salary package |
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