Internet and mobile banking to be expanded

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  • xman
    Admin
    • Sep 2006
    • 24007

    Internet and mobile banking to be expanded

    Thiruvananthapuram: Internet and mobile banking would be expanded during the coming days and more facilities would
    be added to ATMs, State Bank of India, Kerala Circle, Chief General Manager B S Bhasin said. Steps would be taken in the current fiscal to expand the base
    of internet banking with additional facilities to disburse salaries
    for employees, Bhasin and SBI Kerala Circle General Manager V Ramamoorthy
    told reporters here yesterday.

    Mobile banking facility would be made available even on phones
    that did not have an internet connection, Bhasin said. 'We are launching
    it in a big way', Bhasin added.

    New features like facility to deposit money through ATM would
    be introduced shortly, he said.'One could deposit both cash and cheques
    through this facility to any accounts they wish', he said.

    SBI would introduce for the first time in Kerala the 'POS' machines,
    cash terminals as a pilot project in four branches in Kochi. The
    new facility to speed up the process of cash withdrawals and deposits
    would be introduced next week,he said.

    Referring to the functioning of dedicated loan processing centres,
    Bhasin said the new system had proved to be a success and Bank was
    ready for making necssary modifications and changes as per the suggestions
    of customers.

    SBI did not believe in strong arm tactics to recover loans from
    its customers. 'Unfortunately some other banks employ outsiders to
    collect money.They create some problems', he said to a question.

    SBI have no outsiders to do its business. The bank recruited 1134
    persons last year and another 875 would join in few days time, he said.

    On Banks business in the circle, he said total business has reached
    Rs.29,276 crore as on March last. Deposits stood at Rs.16,700 crore
    while advances crossed Rs.12,400 crore, he said. PTI




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