Floating ATM on Dal Lake
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02 September 2021 Current Affairs:For the convenience of locals & tourists, the State Bank of India of India opened a floating ATM on a houseboat in Dal Lake, Srinagar, Jammu and Kashmir.
Highlights:
♦ As early as 2004, SBI took this initiative in Kerala. This is not the 1st time SBI has launched a floating ATM. The State Bank of India established a floating ATM on the Jhankar yacht, which operates between the Vaypeyan regions and Ernakulam and is owned by the KSINC (Kerala Shipping and Inland Navigation Corporation). In terms of assets, deposits, customers, branches and employees, the State Bank of India is the country’s largest commercial bank.
