Mobile vans with ATM start operations in rural Hoshangabad and Tikamgarh
PTI | October 20, 2010
State Bank of India (SBI) in collaboration with city based organisation AISECT, launched mobile banking services in Madhya Pradesh .
This is the first time such a service introduced in the country under Financial Inclusion scheme, a SBI press release said here today.
Two mobile vans, fitted with ATM and Kiosk banking mechanisms, have started operations in the districts of Hoshangabad and Tikamgarh to provide banking services to the rural population.
Additionally, AISECT and SBI have also launched a scheme to benefit the rural migrants who are hesitant to enter corporate banking set-ups for cash remittance purposes and instead rely on traditional, time consuming methods.
For such people, the first ever urban banking kiosk, dedicated completely to providing cash remittance, has been introduced in Bhopal.
SBI's Chief General Manager Bhagwant said the benefits of such schemes should reach out to maximum number of people.
Therefore, SBI-AISECT mobile kiosk banking vans will soon cover other districts of the state and Chhattisgarh as well while the remittance outlets will be started in most major towns of MP.
"We have been associated with SBI for Financial Inclusion for the past two years and during this period, rural banking kiosks have been launched at 165 places in MP and Chhattisgarh, which have done a business of around Rs five crore," Director General of AISECT, Santosh Choubey said.
State-owned Indian Oil Corporation (IOC) has announced bonus shares as its first-quarter net profit jumped 25 percent to Rs 8,268.98 crore. The board of directors has approved the bonus share in the ratio of 1:1. It means the company will issue one equity share of Rs 10 each for every fully
Giving support to farmers of Saurashtra, Gujarat, prime minister Narendra Modi inaugurated the first phase of the Saurashtra Narmada Avatarana Irrigation Yojana (SAUNI) project on Tuesday at Aji III dam in Rajkot. It aims to provide water to the parched zones of the region for irrigation purposes.
Do you think all states will ratify the GST bill?
Outgoing reserve bank of India (RBI) governor Raghuram Rajan feels that India’s economic growth is below its potential. In a foreword to RBI’s annual report 2015-16, Rajan highlighted what all ails the country’s economy. Rajan’s term ends on September 4. Rajan
The incidence of crime against women in Uttar Pradesh has been rising consistently during last five years, said a performance audit that covers the period from 2010-11 to 2014-15. “There has been 61 percent increase in incidence of crime against women between 2010-11 and 2014-15. The i
India and the US have signed the Logistics Exchange Memorandum of Agreement (LEMOA), which establishes basic terms, conditions, and procedures for reciprocal provision of logistic support, supplies, and services between the armed forces of India and the United States. The agreement was signed by