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Virtual banking first became a possibility in 1996 with the Bank of Montreal's mbanx. mbanx was released at the very beginning of the internet banking revolution in Canada and was the first full-service online bank Also in 1996, RBC started providing banking information online and had the first personal computer banking software released that ...

State Bank of India research predicts a contraction of over 40% in the GDP in Q1 FY21. For the states, the total loss due to COVID-19 is estimated at 13.5% of the total Gross state domestic product. The Ministry of Statistics released India's GDP estimates for Q4 FY20 at 3.1% while the overall GDP for FY20 is 4.2%.

BHIM (Bharat Interface for Money) is an Indian mobile payment App developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions.

SBI Cards & Payment Services Ltd., previously known as SBI Cards & Payment Services Private Limited, is a payment solutions provider in India. SBI Card was launched in October 1998 by State Bank of India, India's largest bank, and GE Capital. In December 2017, State Bank of India and The Carlyle Group. acquired GE Capital's stake in the Company.