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Why any time money? Small finance payment banks... Bank deposits account for 46.3 per cent of household savings Holy or unholy? Insatiable appetite for credit Too big to fail and too small to sail Big bank merger, bigger expectations Reaching out: is it slowing down? Who is the real beneficiary? Banking on Risk Needed a Banking Atlas Perhaps small is more beautiful than big! Grows Bigger Banking in Telangana Ernakulam excels... Targets continue to be ad hoc How ‘secure’ are the secured loans? What is the priority – mergers or NPA reduction? The paradox: clamour for the Goliath and David Hesitancy in announcing year-end results From lazy banking to easy banking Stage set for Indian ‘avatar’ of foreign banks Lacklustre credit expansion Another route for achieving financial inclusion Capital base of regional rural banks raised New bank licences, at last... Ferrying digital banking to Lakshadweep Drop in SLR- sparing lendable resources Reaching the Unreached… Growing volume of stressed assets… Fund healthcare clinics in villages... Nothing much can happen…. Governance in Reverse Gear? Cautious and considerate Drastic decline in asset quality One down in private sector Monetary policy continues to adopt dis-inflationary path Emerging crisis Cradle of banks to a smart city... Why priority status? Rationalised Banking overhauling or reorganisation? Financial inclusion vs unclaimed deposits Bottomlines shrink, bad loans rise... New capitals of Migrant banks The collaboration suite of cyber criminals Aadhaar, niraadhaar and banking Mega merger is on Just 660 days! Target over-ambitious... Managing NPAs... Greet Lakshmi the banking robot Merger mania haunts banks A development bank for BRICS Small is ‘more’ beautiful Thirty more cities seek to become SMART LVB- A supermarket of financial services It’s a war on black money, support it. Good, bad and ugly Cut in repo rate – lower than expected Anytime banking to anywhere banking Two banks: their jubilees and performances Smart banking in smart cities A new development bank rising in the east… Growing gainfully All that glitters is not gold... Small finance banks offer high interest rates Payment banks have arrived Indian customers are tech savvy Well-lived... A bank for women, by women United India Insurance - Rs 110 crore losses have been claimed till now due to floods in Tamil Nadu How okay are new banks?
 
Indian customers are tech savvy
Despite the remarkable progress made by the IT sector in India, the rate of adoption of IT-based banking services by bank customers has been slow.

Things are changing now after the introduction of Core Banking Solutions (CBS). The size of customer-base is expanding and the banks’ service points, both brick and mortar branches and virtual branches, are steadily on the increase. Under the branchless banking mode, there are 337,678 outlets, most of which are in rural areas. A small electronic gadget has entered rural India through this model, operated by the Business Correspondents at her/his residence.

The number of credit cards has gone up to 19 million and debit cards outnumber them at a whopping 394 million. According to Reserve Bank data, the number of bank customers using mobile banking has increased from 12.96 million in 2011-12 to 35.53 million in 2013-14, registering an increase of 58 per cent. The value of the annual transactions has gone up from Rs.18.21 billion to Rs.224.38 billion during this period of three years. Rate of growth of Debit card usage has been higher at 28 per cent as against 25 per cent in the case of credit cards during the last three years.

Traditionally bank cheques, demand drafts and travelers’ cheques were means available to bank customers for making payments, locally or out-station locations. With the advent of digital banking, the utility of these instruments of payments has undergone remarkable changes. Travellers’ cheques are almost out of circulation and are being replaced by Credit cards, which can be used at international levels also. Demand drafts are also losing their relevance. There is a visible shift from cash payments to electronic payments. Payments by cheque even for outstation receivers are now free of cost and the amounts are credited immediately. Transactions through real time gross settlement have increased by 18.38 per cent in terms of volume and by 8.48 per cent in value terms during the current year.

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