New Delhi, April 30 -- The State Bank of India (SBI) on Tuesday signed a Memorandum of Understanding (MoU) with the Land Ports Authority of India (LPAI) to enhance banking infrastructure across 26 land ports situated along India's borders with Nepal, Bangladesh, Bhutan, and Myanmar.

Currently, LPAI operates 15 land ports in eight states and has 11 more under development across regions including Uttar Pradesh, Bihar, Mizoram, Uttarakhand, and West Bengal.

These land ports facilitate trade worth Rs 70,952 crore and witnessed passenger movement of over 30.46 lakh during 2023-24. Over the past decade, trade and passenger traffic at these ports have increased 15-fold and 18-fold respectively.

Under the agreement, SBI will offer a range of b...