Core Banking Solution (CBS) was inaugurated at Serango of Gumma block in Gajapati district by State Bank of India (SBI) chief manager Mr MN Rao. Speaking at the inauguration Rao said all the 548 branches of SBI, in Bhubaneswar circle will be brought under Core Banking Solution (CBS) platform by the end of June 2008.
Mr Rao said “SBI is committed to provide world class technology to the people of the state, even in the remote and backward areas”. “The implementation of CBS at a remote branch like this is a bright example of the bank’s commitment towards public service”, he added.
The deputy general manager Mr BV Sarangi was also present at the occasion said that the SBI has opened 14 branches with this module in the year 2008-09. He informed, “The deposits level of the bank was Rs 4,051 crore with advance of Rs 2,032 crore”.
Earlier, during February this year the Bhubaneswar zone which comprises 199 branches in 10 coastal districts was fully placed on CBS.
Currently through core banking platform more than 99 per cent of the circle’s business is carried out. Under this scheme all the branches are connected to more than 9500 branches of the bank, sources said.
Bank sources said that under CBS, the customer can access his account in any branch of SBI and also enjoys the facility of depositing as well as withdrawing from any branch and through real time gross settlement system and national electronic funds transfer system can remittance to nationalized and private banks. The facility of internet banking and issue of ATM cards are available at the entire core banking branches.
Currently, the bank has 316 ATM counters with 21 of them installed in various railway stations. It has plans to install 369 more counters during the year, out of which 18 have been earmarked for railway stations. Bank has also extended credit facilities to about 11,800 SHG in Orissa.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment