Re-engineering IT for growth, new products

Re-engineering IT for growth, new products

Sri Lanka The bank has a network of 242 branches and 260 ATMs. There were 3710 employees at the end of June 2015. “Over and above these branches and ATMs, 4063 post offices in the country act as an agents of the bank for providing banking services,” says Perera. ‘‘We have 18.5 million customer accounts […]

CHALLENGES TACKLING DIFFICULTIES

CHALLENGES TACKLING DIFFICULTIES

Network connectivity is the primary problem facing all these banks. Dena Bank K.C. Chhipa points out Dena Bank has cardless solution for FI transactions has tried installing network antennas to overcome the problem and it has been successful to some extent. Gupta says in the starting phase there were obsolete hand held devices, but now […]

Jandhan Yojana: targets achieved & surpassed

Jandhan Yojana: targets achieved & surpassed

  G.B. Bhuyan, GM, Financial Inclusion, Bank of Baroda, K.C. Chhipa, GM, Priority Sector & RRB, Dena Bank, and R.B. Gupta, GM, Priority Sector / Financial Inclusion, Central Bank of India, speak about the progress in the FI initiatives and about the operations of the accounts opened under Jandhan Yojana: Central Bank of India has […]

Islamic finance to grow phenomenally

Islamic finance to grow phenomenally

A recent study has forecast that the value of assets of Islamic finance industry wjll grow by 80% to reach $3.24 trillion over the next 5 years. The study conducted by Dubai Islamic Economy Development Center in partnership with Thomson Reuters, found that while Islamic finance is expected to grow to reach $3.2 trillion by […]