India, Sept. 1 -- The Government of India issued the following news release:
A landmark Memorandum of Understanding (MoU) was signed today between two of India's leading institutions - Indian Railways (IR), one the largest rail networks in the world, and the State Bank of India (SBI), the country's largest public sector bank. The ceremony was honoured by the August presence of the Hon'ble Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Shri Ashwini Vaishnaw; the Chairman, Railway Board, Shri Satish Kumar; and the Chairman, SBI, Shri C.S. Setty.
Under this MoU, insurance coverage for Railway employees maintaining salary accounts with SBI has been significantly enhanced. In case of accidental death, ...