Thursday, July 12, 2012

Chowdari Prasad in pages

Foreign Banks in India - Branches and ATMs

Contrary to the general notion or belief, while almost all the domestic banks in India, be in public or private sector, barring of course Nainital Bank Ltd (an old Private Sector bank), do offer ATM services, only seven out of the thirty six Foreign Banks in India extend this facility! Surprising.  These 36 Foreign banks have a low number of 317 branches and 1,367 ATMs as on March 31, 2011 as per Report on Trend and Progress of Banking in India of RBI.  Definitely the Public Sector Banks have gone far ahead by opening more and more branches and ATMs in every corner of the country to take banking services to the grass roots level, although Financial Inclusion experts keep blaming for the shortage of their presence in remote areas.  The game goes on and on............

Multi-functional ATMs, Personal Teller Machines and Video Banking!

Interesting to know more and more about ATMs in and abroad. Till now, I came across reading about On-site, Off-site, Biometric, Mobile, Cashless, Solar-powered, Stand alone, Networked, Deposit taking, White and Brown Labelled and Gold dispensing types of ATMs. And today, I read another article dealing with Multifunctional ATMs and Personal Teller Machines (PTMs). I wonder at the rapid changes and technological advancements in banking. I am keen to know about Video Banking too.  Two new websites I have come across recently are pertaining to Retail Banking Research, London and ATM Industry Association (ATMIA).  Let me probe further to go deep in this topic to learn and write more and more on ATMs soon.