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Thiruvananthapuram : Utilising the new generation technology is important for banks to reach out to villages to achieve programme targets like total financial inclusion, RBI Regional Director Suma Varma said here today.
Varma, who was speaking at the inauguration of the Financial Inclusion Smart Card of South Indian Bank (SIB),
said RBI had identified the task of taking banking services to even remote villages in the country as a major banking
challenge.
'India has some six lakh villages. The number of bank branches is far below the number of villages. This wide gap
could be filled by using technologies like Financial Inclusion card,' she said.
The most vital component of a robust banking system in any country is its ability to live up to the requirements of
their customers, she said.
'It is the customers who play the most important role in evolving the banking policies. All the initiatives are worked
out to meet their needs', Suma Varma said.
SIB's MD and CEO V A Joseph said the newly launched smart card was designed as per the standards set by Indian Bankers'
Association and was capable of incorporating the Unique Identity (Adhar) programme.
He said the facility was part of the commitment of SIB to expand its customer base. The bank would be covering 100 villages with population of above 2000 under the project. PTI
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said RBI had identified the task of taking banking services to even remote villages in the country as a major banking
challenge.
'India has some six lakh villages. The number of bank branches is far below the number of villages. This wide gap
could be filled by using technologies like Financial Inclusion card,' she said.
The most vital component of a robust banking system in any country is its ability to live up to the requirements of
their customers, she said.
'It is the customers who play the most important role in evolving the banking policies. All the initiatives are worked
out to meet their needs', Suma Varma said.
SIB's MD and CEO V A Joseph said the newly launched smart card was designed as per the standards set by Indian Bankers'
Association and was capable of incorporating the Unique Identity (Adhar) programme.
He said the facility was part of the commitment of SIB to expand its customer base. The bank would be covering 100 villages with population of above 2000 under the project. PTI
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