New Delhi, July 20: Indian Railway Catering and Tourism Corporation (IRCTC) and the country's largest public sector bank, 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, signed on Monday, 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".
In addition, both parties will offer services jointly, subject to financial viability.
"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 said.
The MoU was initialled by IRCTC
CMD Dr. A K Manocha and Mrs Arundhati Bhattacharya, CMD, SBI
The MoU also entails upon the two signatories to "undertake activities which can provide value to customers and bring about synergy in working of both the organisations." (ANI