Processing .....please wait.. 
The article has been forwarded.... 
PNB introduces biometric ATMs
Bangalore: Taking one step forward towards promoting financial inclusion in all unbanked areas of India, Punjab National Bank (PNB) in coordination with RBI has opened a biometric ATM in Ranikhera village, a rural area near New Delhi. The biometric facility will hale user to identify user identification with the help of thumb impression or imprint of the palm, reports Rupee Times.
On the occasion, H R Khan, Executive Director, RBI said, "We are working on a fresh set of guidelines for the business correspondent model that would help in greater financial inclusion. At present, the model is too restrictive and we are constantly examining the correspondent model to make it more operative."
The machine will help around 3, 00, 000 people living in four villages around this area. Even other banks like Syndicate Bank, State Bank of India and Oriental Bank of Commerce are also in move to open such ATMs.
Nagesh Pydah, Executive Director, Punjab National Bank said, "There is an immense potential in the far-flung areas of our country. Around 65 per cent of India doesn't have a bank account. Therefore, our approach is always to work towards the financial inclusion and provide knowledge of banking in those areas."
On the occasion, H R Khan, Executive Director, RBI said, "We are working on a fresh set of guidelines for the business correspondent model that would help in greater financial inclusion. At present, the model is too restrictive and we are constantly examining the correspondent model to make it more operative."
The machine will help around 3, 00, 000 people living in four villages around this area. Even other banks like Syndicate Bank, State Bank of India and Oriental Bank of Commerce are also in move to open such ATMs.
Nagesh Pydah, Executive Director, Punjab National Bank said, "There is an immense potential in the far-flung areas of our country. Around 65 per cent of India doesn't have a bank account. Therefore, our approach is always to work towards the financial inclusion and provide knowledge of banking in those areas."
Don't Miss
Write your comment now
|
Submit your news/press release
Let our editorial department know about any news about your company, your
organization, or yourself, or any press release that you have. If we find it suitable for our audience, we will contact you and make a news. Please
also share any links for the news.
Reader's comments (1)
1: Isn't it strange that if there are 100 banks
in India, all of them want prime spaces for
their ATMs but are not ready to share the
ATMs?
Solution: Banks should outsource the ATM business. An ATM should be able to work for multiple banks. Banks can pay a regular fee to the ATM vendor instead of charging customers per transaction.
Solution: Banks should outsource the ATM business. An ATM should be able to work for multiple banks. Banks can pay a regular fee to the ATM vendor instead of charging customers per transaction.
Posted by: Kaushik - 24 Feb, 2010
Disclaimer
Messages posted on this Web site under the `Comments' area are solely the opinions of those who have posted them and do not necessarily reflect the opinions of Infoconnect Web Technologies India Pvt Ltd or its site www.siliconindia.com. Gossip, mud slinging and malicious attacks on individuals and organizations are strictly prohibited. Infoconnect Web Technologies India Pvt Ltd can not be held responsible for errors or omissions in content, nor for the authenticity of the user/company name or email addresses associated with posted messages. Infoconnect Web Technologies India Pvt Ltd reserves the right to edit or remove messages containing inappropriate language or any other material that could be construed as libelous, potentially libelous,
or otherwise offensive or inappropriate.Infoconnect Web Technologies India Pvt Ltd do not endorse the products and services or any other offerings mentioned in these messages.
Beautiful and dress selection, please go to Dresses
| Plan on visiting the Lotus Temple? Get Great Deals on Delhi Hotels ! |
Buy India Wholesale Products on DHgate.com
SPOTLIGHT
Serious collectors know that failing to insure a collection can be costly. Though not every collec..
|
|
|
|
|
