Internet and mobile banking to be expanded : SBI

'POS' machines, cash terminals to be introduced in Kochi

PTI | June 30, 2010



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.


 

Comments

 

Other News

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

BMC: 207 officials in ACB net, 112 still on duty, 68 retire before justice catches up

There are significant delays in the handling of corruption cases involving officials of the Brihanmumbai Municipal Corporation (BMC), a Right to Information (RTI) response obtained by rights activist Jeetendra Ghadge has revealed. As of 30 April 2026, 207 BMC officials face Anti-Corruption Bureau (A

The transformation trap: Why efficiency is not innovation

Every company is transforming, or so it claims.   There was a time when the word ‘transformation’ carried weight. It signified bold strategic shifts, reinvention of business models, and breakthrough technologies that fundamentally changed how organizations created

The Sardar biography that throws light on our times

Patel: A Life By Rajmohan Gandhi Aleph Books, 568 pages, Rs 1,199   There are many biographi

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter