Google

May 22, 2007

News

Oriental Bank of Commerce said would start mobile banking facility for its customers in the next 2-3 months. It will be launched in another 2-3 months. The bank has already invited expression of interest from vendors. Besides, the bank is also in the process of extending its mobile top-up facility under which customer will get their mobile recharged by using ATMs. The bank has tied up with mobile service providers such as Airtel, Hutch, Reliance, MTNL, BSNL, Tata Indicom, etc. for this facility. The bank has applied for opening up a representative office in Dubai. ICICI Bank has stepped up its support to realty market in Mysore by launching a 48-hour home loan-processing scheme. The fast track scheme was introduced last week. Announcing its launch at the ‘My Realty-2007’, bank’s emerging market mortgage finance group national head Satish Kulkarni said, “If we do not do it (process within 48 hours), we will refund the processing fee.” He also said the bank would focus on Mysore in all its future property development cross-location events conducted regularly at leading centres across the country. The events are part of the bank’s retail property services in India Andhra Bank launched two mobile biometric ATMs and will soon expand them to other places. "Andhra Bank is the first bank in the country to launch mobile biometric ATMs. We will soon expand this to other places," Mr K. Ramakrishnan, Chairman and Managing Director, said at the inaugural function of the ATMs. The mobile ATMs would be moving in Hyderabad and Secunderabad on a particular route map with pre-announced timings from 6 am to 6 pm and would cover un-banked and under-banked areas. They would identify customers based on their finger print. However, the use of personal identification number is also accepted by the machines. For biometric access, customers have to register their fingerprints with the branch in which they maintain accounts.

No comments: