Financial Daily from THE HINDU group of publications
Tuesday, May 31, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 31, 2005 |
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Money & Banking
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Information Technology SBBJ to scale up Net banking Our Bureau
Kolkata , May 30 STATE Bank of Bikaner & Jaipur, which has launched inquiry level Internet banking, proposes to introduce shortly transaction-level Internet banking. Giving this information at the bank's annual general meeting in Jaipur, the Chairman, Mr A.K. Purwar, who is also the Chairman of State Bank of India, said the launch of transaction-level Internet banking, together with business process re-engineering initiatives, would bring about qualitative improvement in the services of the bank. In 2004-05, the bank migrated its 103 branches and offices to core banking solution and installed 125 new ATMs to take the total to 251. All these were connected to the network of State Bank Group ATMs totalling 5,217. With the implementation of the core banking solution, the customers would have the benefit of anytime anywhere banking and would thus become the customers of the bank instead of the customers of the branch, the Chairman said. The Managing Director, Mr K.R. Srikantan, said introduction of Grahak Mitra and Drop Box schemes under BPR initiatives evoked good response from the customers. The bank, he said, would observe the current financial year (2005-06) as "the year of quality performance".
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