‘Paperless banking': Vizag to be SBI's model district
Staff Reporter
Share  ·   print   ·   T+   The State Bank of India has identified
Visakhapatnam for making it the first model district in the country to
introduce ‘paperless banking.'

The bank is holding consultations with the government to bring all
transactions including that of the District Treasury under the purview
of the new initiative, General Manager, Local Head Office, SBI,
Hyderabad, T.S. Krishnaswamy has said.

He was here on Monday to open three more braches of the bank and to
launch a series of new initiatives of the bank's Super Circle of
Excellence (SCE) Region.

Addressing a press conference, he said the bank had undertaken the
initiative as it was the lead bank in the district. A customer of any
bank in the district could perform all their transactions, including,
fund transfers electronically. It could take about eight months for
the launch of the new initiative.

Elaborating on the SCE Region, he said Visakhapatnam was the first
non-capital city to get the facility. Any customer could open an
account in SCE branches, which would be manned by ‘hand-picked' staff.


-- 
Dr. Ghanshyam H. Asudani,
Asstt. Prof. of English,
Anand Niketan College of Agriculture,
Warora 442914,
Dist. Chandrapur,
Maharashtra.
Phone:- 07176-281485
Cell:- 7709468077

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