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