The country’s largest public sector bank, State Bank of India (SBI) and Indian Railway Catering and Tourism Corporation (IRCTC) 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.”

• Both parties are desirous of working together to provide improved Internet ticketing services to the customers of Indian Railways in the field of Unreserved Ticketing System (UTS) and Internet-based e-ticketing system,

• The MoU was signed by IRCTC CMD A K Manocha and Arundhati Bhattacharya, CMD,

• 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”.