The Hindu Business Line : Canara Bank launches video conferencing

(From left) Mr V. P. Shetty, Chairman and Managing Director, Canara Bank; Mr N. Kantha Kumar, Executive Director; and Mr K.V. Hegde, General Manager, during the launch of video conferencing facility at the bank's head office in Bangalore on Monday. - - G. R. N. Somashekar

Bangalore , Jan. 3

Canara Bank on Monday launched multi-point interactive video conferencing as a means to review the performances of its circles from its headquarters in Bangalore.

The Chairman and Managing Director, Mr V.P. Shetty, reviewed the performance of Delhi, Mumbai City and Chennai circles for the quarter ended December 2004.

The bank plans to utilise the video conferencing for enterprise communications, interaction between the Head Office and the circle offices. This would result in considerable savings in expenses incurred on corporate meetings and save time of executives, said Mr Shetty.

The new facility is the extension of bank's objective of using automation to improve efficiency and reduce costs. The bank has already computerised all the 2,056 branches and networked 1,135 branches and offices. It also hopes to add 615 branches or offices by March 2005.

Internet and mobile banking services are offered in 666 branches covering 122 locations. This facility would be extended to 750 branches by March. Number of branches providing `Anywhere Banking' services would also go up to 1,200 from the current levels of 755.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bonds recoup losses; rupee holds steady

Law panel for review of Insurance Act

RBI may hike investment fluctuation reserve

Centurion Bank shareholders okay changes to clause

Canara Bank launches video conferencing

Andhra Bank raises Rs 200 cr via bonds

IFC loan sanctions at $235 m in 2004

OBC files complaints against 5 GTB borrowers — Due diligence shows `serious financial improprieties'

Shonkh Tech denies siphoning GTB funds