Finance outlook india logo
Home News Exclusive Expert's Viewpoint Corporate Startup Fintech Personal Magazine About Us Budget'24
  • Budget'26 Budget'25 Budget'24
    • Home
    • News

    SBI introduces the Nation First Transit Card for digital fare payments


    Finance Outlook India Team | Friday, 08 September 2023

    The largest lender in the nation, State Bank of India, has introduced the "Nation First Transit Card" to make it easier for customers to commute and to pay for parking, water ferries, buses and other forms of public transportation using a single card. Additionally, people can use this card to pay for things in stores and online.

    "At SBI, we never stop working to simplify banking and daily life for our consumers. According to Dinesh Kumar Khara, chairman of SBI, the Nation First Transit Card, which is supported by RuPay and National Common Mobility Card (NCMC) technology, would revolutionise the way people commute and is in line with the government's "One Nation One Card" initiative.

    The SBI chairman continued, "We are happy to create a card that not only improves the lives of our clients but also aids in the development of our nation. The biggest lender in India announced that it is also putting in place an NCMC-based ticketing system in the MMRC Metro Line 3 and Agra Metro, which is currently in the advanced stages of execution and will be made public very soon.

    With transit operators, SBI began NCMC programmes in 2019. SBI successfully introduced the "City1 Card," "Nagpur Metro MAHA Card," "MUMBAI1 Card," "GoSmart Card," and "Singara Chennai Card" as a part of these NCMC programmes in the metro systems of Noida, Nagpur, MMRDA Metro Lines 2A & 7, Kanpur, and Chennai, respectively.

    The biggest mortgage lender in the country is State Bank of India. The bank's home loan portfolio has surpassed 6.53 lakh crore. The bank had over 45.31 lakh crore in deposits as of June 2023, with a CASA ratio of 42.88 percent and advances totaling over 33 lakh crore. In terms of home loans and auto loans, SBI holds a market share of 33.4% and 19.5%, respectively.



    Read More:

    India Exports Fall 7.4% in March as West Asia Crisis Hits Trade

    Bajaj Broking Market Closing Commentary- April 17th

    KNOWLEDGE DECK

    Most Viewed

    • The Economic Impact of India-Pakistan War: A Detailed Analysis

    • Why Financial Literacy Matters More Than Ever for Today's Youth

    • Prominent Financial Advisors in India to Partner With

    • Rags to Riches: The Top 6 Indian Entrepreneurs' Motivational Tales of Success

    • Navigating Financial Disruption With Future Proof Financial Service Deliverability

    • India's Rs 31 Lakh Cr Green Push: Building the Foundation of a Net-Zero Future

    • Wakhariya & Wakhariya: Facilitating International Legal Processes across Diverse Domains

    • Aligning Financial Strategies with Sustainable Business Goals

    • The Top 5 Highest-paid Actors in India - 2024

    • Central Government Proposes Tax on Agricultural Water Usage

    • Carpediem Capital Invests INR 100 Crore, CorporatEdge to Deploy INR 350 Crore in the next 3 Years

    • EPFO Registers All-Time High Member Addition of 20.06 Lakh in May 2025

    • Unearthing Intricacies of Today and Beyond in the Indian Insurance Sector

    • Expected Correction in Housing Prices to Revive Sales in Coming Quarters

    • How to Choose the Right Mutual Fund for your Financial Goals?

    • Future of Corporate Finance: Emerging Trends in Treasury Solutions and Cash Management for MNCs

    • ElasticRun Announces FY24 Financial Results: Key Details

    • Financial Inclusion in Viksit Bharat

    • Abans Financial Services Advises Vaishali Pharma on Strategic Acquisition of Kesar Pharma






    🍪 Do you like Cookies?

    We use cookies to ensure you get the best experience on our website. Read more...

    Copyright © 2026 Finance Outlook India. All rights reserved.   Privacy Policy Terms of Use Blogs Conferences Subscribe WRAPUP’25