Syndicate Bank to open e-lounges, self-service kiosks
Updated: Jun 23, 2014 03:31:37pm
Manipal, Jun 23 (KNN) The Syndicate Bank is proposing to open 24 x 7 e-lounges self-servicing kiosks in 20 important locations even as it is increasing focus on mid sized corporates and small businesses, Chairman and Managing Director, Sudhir Kumar Jain has said.
Addressing shareholders of the bank, Jain said, "Bank has endeavoured to increase customer-centric technological initiatives by improving various alternate delivery channels viz. ATMs, Credit/Debit card, POS, Internet banking, mobile banking, SMS banking etc. Bank is proposing to open E-lounges (24X7) self serviced kiosk in 20 important locations and back office in 2 locations for centralised account opening.”
He pointed out that the bank has procured government Business Model (GBM) covering PPF, Senior Citizen Saving Schemes (SCSS), RBI Relief Bonds, OLTAS, EASIEST, Collection of State Tax for various States etc which are expected to be implemented shortly.
With regard to priority sector advances, the Chairman said that the bank has taken a lot of measures to improve flow of credit to agriculture and allied activities, weaker sections, minorities and adequate and timely supply of credit to various productive sectors at micro level covering all sections of the society to achieve the growth of inclusive growth.
“Priority sector credit increased by 12.01 per cent from Rs 46,437 crore as at 31.3.2013 to Rs 52,016 crore as at 31.3.2014 which stands at 43.19 per cent of ANBC against the required level of 40 per cent,” he said.
As far as the future roadmap is concerned, Jain said that even though the global economic conditions are still challenging, the policy maker has rebuilt buffers to cushion it against possible spillovers.
“The outlook of the country’s economy during the FY 2014-15 will be more positive since we are moving towards a stable government who will be taking positive decisions which will lead to rebound in manufacturing, credit expansion and investment growth. India’s GDP is projected to grow at 5.5 per cent during 2014-15,” the Syndicate Bank Chairman said. (KNN/ES)
Addressing shareholders of the bank, Jain said, "Bank has endeavoured to increase customer-centric technological initiatives by improving various alternate delivery channels viz. ATMs, Credit/Debit card, POS, Internet banking, mobile banking, SMS banking etc. Bank is proposing to open E-lounges (24X7) self serviced kiosk in 20 important locations and back office in 2 locations for centralised account opening.”
He pointed out that the bank has procured government Business Model (GBM) covering PPF, Senior Citizen Saving Schemes (SCSS), RBI Relief Bonds, OLTAS, EASIEST, Collection of State Tax for various States etc which are expected to be implemented shortly.
With regard to priority sector advances, the Chairman said that the bank has taken a lot of measures to improve flow of credit to agriculture and allied activities, weaker sections, minorities and adequate and timely supply of credit to various productive sectors at micro level covering all sections of the society to achieve the growth of inclusive growth.
“Priority sector credit increased by 12.01 per cent from Rs 46,437 crore as at 31.3.2013 to Rs 52,016 crore as at 31.3.2014 which stands at 43.19 per cent of ANBC against the required level of 40 per cent,” he said.
As far as the future roadmap is concerned, Jain said that even though the global economic conditions are still challenging, the policy maker has rebuilt buffers to cushion it against possible spillovers.
“The outlook of the country’s economy during the FY 2014-15 will be more positive since we are moving towards a stable government who will be taking positive decisions which will lead to rebound in manufacturing, credit expansion and investment growth. India’s GDP is projected to grow at 5.5 per cent during 2014-15,” the Syndicate Bank Chairman said. (KNN/ES)
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