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Technology to the Fore
Business Today India
|November 13, 2022
The establishment of digital banking units is aimed at enhancing financial inclusion in rural India
EIGHT YEARS AGO, the country's largest bank, State Bank of India (SBI), came up with the idea of digitalonly branches. These branches operated with minimum human intervention, allowing customers to use the selfassisted mode for printing their pass books, opening accounts, availing loans, etc. They also enabled a customer to talk to a remote banker through a video link. It was an innovative idea, but the initiative focussed on the big cities at that time.
This story is from the November 13, 2022 edition of Business Today India.
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