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IRCTC, SBI sign MoU on promotion of rail ticketing activities

Indian Railway Catering and Tourism Corporation (IRCTC), is a subsidiary of the Indian Railways Indian Railway Catering and Tourism Corporation and the country's largest public sector bank(PSB) State Bank of India (SBI) have signed a Memorandum of Understanding (MoU) to hammer out a detailed plan for promotion of rail ticketing activities, including internet ticketing and unreserved ticketing system.

Under the MoU, the signatories will jointly explore areas of cooperation and draw up a detailed plan for promotion of rail ticketing activities. IRCTC, a 'mini Ratna' PSU of Indian Railways which handles catering, tourism and Internet ticketing activities, and the SBI will also undertake development of Unreserved Ticketing System and "such other services which can be jointly undertaken".
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