State Bank of India (SBI)
♦ State Bank of India (SBI) and Bank of India (BoI), have signed a Memorandum of Understanding (MoU) to work together on a Centre of Excellence in Strategic Partnership. This collaboration aims to strengthen leadership and expertise in project financing across India while encouraging innovation and teamwork in the banking sector. ♦ The Centre of Excellence is basically a shared workspace and knowledge hub where experts from both banks collaborate. It operates on three main ideas. ♦ First is co-financing. Bank of India and SBI will jointly fund big projects. Second is strengthening the brand. Third is training people.