State Bank of India launches 3 new digital offerings

EMI Facility on Purchase: 

SBI has partnered with Flipkart to offer its consumers the facility of pre-approved EMI Facility on purchases. Under this partnership SBI will provide overdraft facility to pre-qualified set of customers for transacting on Flipkart for a minimum purchase of Rs. 5000.

The EMI facility will be available in 3 tenures - 6, 9 and 12 months. The bank will not charge any fees to process the facility.

SBI Mingle:

The bank also launched 'SBI Mingle' - its social media banking platform for Facebook and Twitter users. Using SBI Mingle, its customers can do a host of banking services like checking balance and requesting mini statements on their Facebook or Twitter accounts.
SBI Digital Villages:

SBI also launched its new initiative SBI Digital Villages aimed at transforming villages into cash less eco-system by adopting them. In its first leg the bank has adopted 21 villages to be moved on the digital platform and plans to bring 100 villages under this initiative across the country by the end of FY 17.

Important Question for Competitive Exam from this Current Affairs:

1. Sbi launched _________social media banking platform for Facebook and Twitter users: a)SBI Minage b)SBI Cube c)SBI Social d)SBI Incube
2. Sbi partnered with which e-commerce giant for EMI facility on purchase: a)Amazon b)Flipkart c)Snapdeal d)Myntra