Home   »   Banking Current Affairs 2023   »   South Indian Bank tie up with...

South Indian Bank tie up with Kerala Forest & Wildlife Dept for digital payment collection

South Indian Bank tie up with Kerala Forest & Wildlife Dept for digital payment collection_4.1

The South Indian Bank has signed an agreement with Kerala’s Forest and Wildlife Department to enable digital collection of payments at eco-tourism centres, Vanasree shops, mobile Vanasree units and eco-shops across the State. The Forest Department has set up Vanasree shops and units with the objective of marketing forest products, conserving and managing biodiversity, protecting the rich and sensitive ecosystem and uplifting the living standards of the tribals working in the area.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Through this partnership, the digital collection system of South Indian Bank will now be available at all 124 tourist spots that fall under the Forest Department. The tie-up will commence with the setting up of 124 POS machines at various eco-tourism centres, Vanasree shops, mobile Vanasree units and eco-shops under 36 forest department agencies across Kerala.

Important Takeaways For All Competitive Exams:

  • South Indian Bank Headquarters: Thrissur;
  • South Indian Bank CEO: Murali Ramakrishnan (1 Oct 2020–);
  • South Indian Bank Founded: 29 January 1929.

Find More Banking News Here

South Indian Bank tie up with Kerala Forest & Wildlife Dept for digital payment collection_5.1RBI imposes monetary penalty on IndusInd Bank, Kotak Mahindra Bank_90.1

Leave a comment

Your email address will not be published. Required fields are marked *