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SBI, BOB, Canara and Indian Bank will help CBSE in its re-evaluation process

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The public sector banks in India will help CBSE in its re-evaluation process. As per reports, 4 public sector banks – State Bank of India, Bank of Baroda, Canara Bank and Indian Bank, will assist the CBSE in strengthening its payment gateway infrastructure and necessary integration with the post examination services portal.

Union Education Minister Dharmendra Pradhan on Sunday spoke with the Union Finance Minister Nirmala Sitharaman in view of the payment-related issues being faced by students during the Central Board of Secondary Education (CBSE) post-result and re-evaluation process.

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It was agreed to involve State Bank of India (SBI) and three other Public Sector Banks (PSBs) to remove the glitches in payment system.

During the discussion, it was decided that four PSBs – SBI, Bank of Baroda, Canara Bank and Indian Bank – will assist the CBSE in strengthening its payment gateway infrastructure and necessary integration with the post examination services portal, an official statement said.

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The banks will enable CBSE to put in place robust payment protocols to ensure timely payments, address payment glitches, and automatic refunds for excess payments, if any.

Pradhan also directed CBSE for a complete overhaul of their Payment Gateway System.

Earlier, the Union Education Minister decided to rope in professors and technical experts from the Indian Institute of Technology Madras and IIT Kanpur to help the CBSE ensure a glitch-free re-evaluation process.

Pradhan’s direction to involve IIT experts comes in the backdrop of concerns raised by students and parents regarding the CBSE post-result services portal which has allegedly crashed or remained inaccessible for filing applications for revaluation and seeking copies of answer-sheets.

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The glitches have forced the Central Board of Secondary Education (CBSE) to repeatedly extend the deadline for filling revaluation applications and depositing fee.

State Bank of India is India’s largest public sector bank with vast experience in digital payments technology. With SBI and other public sector banks involved, it is expected that the CBSE re-evaluation process will now run smoothly.

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Hellobanker Team

Hellobanker.in is India's leading banking and finance news portal. Our expert team covers banking policies, RBI updates, financial markets, and investment insights.
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