New Delhi, April 29 -- The State Bank of India (SBI), the country's largest bank, on Tuesday signed a Memorandum of Understanding (MoU) with Land Ports Authority of India (LPAI) to strengthen banking services infrastructure across 26 land ports bordering our neighbouring countries, a release added.

This strategic collaboration will strengthen India's border trade ecosystem and provide modern banking solutions to business and individuals at land ports. SBI will partner with LPAI and aspire to improve the trade transactions for Rs 80,000 Crs at present to Rs 2 trillion by 2030.

LPAI currently operates 15 land ports across 8 border states adjoining Nepal, Bangladesh, Bhutan, and Myanmar, with 11 more ports sanctioned across states includin...