Financial Daily from THE HINDU group of publications
Wednesday, May 08, 2002
Financial Daily from THE HINDU group of publications Wednesday, May 08, 2002 |
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Money & Banking
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Technology SBI focus on technology Our Bureau
VISAKHAPATNAM, May 7 STATE Bank of India has set in motion a programme for massive technological upgradation to ensure better customer service. Mr. Y. Radhakrishnan, SBI Managing Director, told presspersons here that the bank was implementing a string of technology upgradation projects, which would change the face of the bank within two to three years. While one of the projects involves increasing the bank's ATM network from 1,020 to 1,500 by the end of this fiscal, another project aims at increasing its Internet banking services to cover the retail segment. "We are also launching a new product for providing interest banking for corporates,'' he said. According to him, the bank is also implementing a programme for technological upgradation for asset/liability and treasury management. Also, the bank was changing core banking facilities, including deposits, advances, international banking and mutual fund, by using a special software, he said.
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