Friday, July 30, 2010

A to Z Banking continues....

Qudos to SBI for introducing Kiosk Banking under Financial Inclusion.

Pilot project currently underway in partnership with OXIGEN and Sahyog Microfinance Foundation and wiil be conducted at 50 centers in NCR and Mumbai region.Oxigen has kept a target of opening 10 million no-frills accounts in next 12-18 months during this pilot project. – Joint Financial Inclusion initiative between SBI and OXIGEN to offer web based no frills [...] Related posts:

The above piece of news from IFMR Blog is very interesting and encouraging.  Really, SBI is living up to its role and stature of leading from the front.  It shows that the bank is not carrying out its responsibility of FI as a lip service or eye wash.  SBI seems to be seriously researching and partnering with other agencies to take the banking services to the grass roots level (reason for which the bank was formed in 1955 out of Imperial Bank).  This is the way technology has to be taken to our rural areas as also urban poor. Hats off, SBI

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