Financial Daily from THE HINDU group of publications
Tuesday, Jan 03, 2006
Financial Daily from THE HINDU group of publications Tuesday, Jan 03, 2006 |
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Opinion
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Letters ATM sharing
This refers to the report "ATM sharing to bolster smaller banks' reach" (Business Line, January 2). The largest private sector bank ICICI has taken the ATM route for spread and reach to overcome its lack of sufficient number of branches. But the public sector SBI with its widest network of about 14,000 branches, serving about 100 million customers, may have about 20,000 ATMs. So for smaller banks to tie-up with SBI could be the easiest and cheapest way to expand their reach. This could also pave the way for better cooperation, coordination and sharing of information among banks that could help reduce NPAs, curb black money and also provide give better service to customers. However, as the service and network expand, care has to be taken to make the system foolproof taking precautions against any fraud or misuse. A. Jacob Sahayam Thiruvananthapuram
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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