Page 25 - Banking Finance JANUARY 2017

PRESS RELEASE

State Bank of India launched “SBI Pay” the UPI app

State Bank of India today launched “SBI Pay”, the UPI app of State Bank of India. “SBI Pay” is a payment solution not
only for SBI account holders, but account holders of all Banks who are part of UPI, to send and receive money from their
smartphones with a virtual payment address acting as unique identifier. No additional details are required to be used
other than the Virtual payment address. Additional features like merchant payments and enhanced transaction limits
will be added in due course.
Launching the App, Mrs. Arundhati Bhattacharya, Chairman of SBI said “With the current demonetisation drive of the
Government and the push towards Digital/ Cashless payments, “SBI Pay” is expected to be a Game changer in the digital
payment ecosystem as the Bank has the largest customer base in the country”.
The “SBI Pay” App is presently available on Android platform. The IOS version will be rolled out as and when NPCI, the
owner of UPI system, comes out with the specification for IOS platform.

UCO Bank launches its mobile e-wallet 'UCOPAY'

To supplement Government efforts of making cashless society towards digital India, UCO Bank announces the launch of
"UCO PAY", digital e-wallet for all customers. Anyone, including those who are not customers of UCO Bank, can easily
download the e-wallet from Google Playstore, fund it from any bank account using Debit/credit card and net-banking
free of cost and start transacting immediately.
The wallet allows users to instantly send money from wallet (UCOPAY) to wallet (UCOPAY), mobile number and bank
account. The users can pay bills, recharge mobiles, merchant payments using QR code, merchant payments with mobile
number & offers on shopping using "Biz Sciences". All services (except Transfer to Bank Account) are free. Fund transfer
to any UCO Bank Account is free.

Extra-Ordinary General

Meeting of Central

bank of India

Shareholders of Central Bank of India at
an Extra -ordinary General Meeting held
on November 29, 2016 at Mumbai, have
passed a special resolution for giving
authority to the Board of Directors and
its committee namely -Capital Raising
Committee, to create, offer, issue and
allot upto 1,71,44,954 equity shares of
the face value of Rs. 10/ - each, to Life
Insurance Corporation of India including
its various schemes on preferential basis,
for cash at an issue price of Rs. 91.45 per Dignitaries sitting on the dice during the EGM from left to Right:- Dr R.C.Lodha &
Shri R K Goyal, Executive Directors, Shri Rajeev Rishi Chairman & Managing
Equity Share determined in a ccordance
Director, Shri B.K. Divakara Executive Director of the Bank and Smt N.S.
with SEBI ICDR Regulations, 2009
Ratnaprabha Non-Official Director of the Bank are seen in the picture
aggregating upto Rs. 156,79,06,043.30
(Rupees One Hundred Fifty Six Crore Seventy Nine Lakh Six Thousand Forty Three and Paisa Thirty only).

BANKING FINANCE | JANUARY | 2017 | 25

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