PNB introduces CBS in its regional rural arm

PNB introduces CBS in its regional rural arm
PTI
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First Published: Tue, Mar 17 2009. 01 10 PM IST
Updated: Tue, Mar 17 2009. 01 10 PM IST
New Delhi: Haryana Gramin Bank, sponsored by state-run lender PNB, has introduced Centralised Banking Solution (CBS), which would enable customers to carry out banking at locations convenient for them.
“In view of numerous advantages, which had been derived by implementing CBS at commercial banks; it was felt that CBS should also be implemented in Regional Rural Banks (RRBs),” PNB chairman and managing director K C Chakrabarty said.
With the implementation of CBS, customers would be able to provide IT-enabled financial inclusion and serve the customers in an effective manner, he said in a statement.
Other benefits that customers may derive by this new initiative taken by PNB include low-cost ATMs for anytime banking, point of sales terminal transaction and financial inclusion of unbanked and under-banked people, he added.
At present, PNB has six RRBs, having a network of 1,354 branches spread over six states and 67 districts.
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First Published: Tue, Mar 17 2009. 01 10 PM IST