[AI] SBI launches special service for visually handicapped

Surajsingh Jogi soorajsingh73 at gmail.com
Thu Jul 29 10:07:09 EDT 2010


 

 

       

       

       

       
     

 

       From E-Group, Banking-News

       

       

      SBI launches special service for visually handicapped

       

      The United News of India

      Published on July 19, 2010

       
     
       

      Mumbai, July 19: (UNI) As part of responsibility to better service society, State Bank of India (SBI) will soon start a new service for the visually handicapped persons.  It has been given the name Self Service Banking Centre (SSBC), and is to be operationalised shortly. To begin with the Centre has been set up at the Delhi Head office of SBI at Parliament Street. The Centre is handicapped friendly with a ramp for wheelchairs. 

       

      Facilities for Visually handicapped include the provision of a dedicated Braille keypad ATM. SSBC is a staff less technology based banking outfit providing multiple banking facilities, namely ATMs, Internet banking and mobile banking. 'Roll out of the SSBCs is aimed at increasing customer convenience and improving access to financial services,' Senior Bank officials said. 

       

      The Centre was inaugurated recently by SBI Chairman O P Bhatt and will become functional soon. India is perhaps unique in having an extensive and elaborate programme of financial inclusion. It is incumbent upon state-run Banks to provide 40 per cent of their lending to customers from the priority sector, which includes agriculture, artisans, small and medium enterprises and scheduled castes and tribes. Most government-owned banks also give loans to students for pursuing studies, whose dimension is growing rapidly. 

       

      Another major effort of the Public Sector Banks is to now cover the unbanked sectors of the economy, which means areas where banking has not reached the populace in urban and rural areas. A large segment of society remains under the clutches of money lenders, who charge exorbitant rates of interest. 

       

      State-owned banks are now taking new initiatives to reach out to the less privileged groups and those having problems by virtue of a chance of birth or that developed later on in life. They need compassion and help. It is a well known fact that private sector banks being driven by sheer profit motive are reluctant to start such services, even though Banks like the HSBC have embarked upon the exercise of financial inclusion. 

       

      Banking services even in a country like South Africa are highly expensive for the common customer. For instance, keeping money below a certain level is chargeable, and so is a bank account statement. This is true despite a nationwide programme of Black empowerment. All said and done, the black population of South Africa remains poor and finds it difficult to take advantage of financial services, including banking and insurance. 

       

      Experts say many countries regard India as a role model for other developing countries to emulate with regard to provision of financial services--it virtually escaped the global meltdown while the banking sector in the West was in the throes of a financial crisis, its elaborate programme of financial inclusion and now special facilities for certain sections like women and small enterprises. The latest in this league are special services for visually handicapped persons by the biggest bank of the country.

       
     

 

      SBI launches special service for visually handicapped

       

      The United News of India

      Published on July 19, 2010

       
     
       

      Mumbai, July 19: (UNI) As part of responsibility to better service society, State Bank of India (SBI) will soon start a new service for the visually handicapped persons.  It has been given the name Self Service Banking Centre (SSBC), and is to be operationalised shortly. To begin with the Centre has been set up at the Delhi Head office of SBI at Parliament Street. The Centre is handicapped friendly with a ramp for wheelchairs. 

       

      Facilities for Visually handicapped include the provision of a dedicated Braille keypad ATM. SSBC is a staff less technology based banking outfit providing multiple banking facilities, namely ATMs, Internet banking and mobile banking. 'Roll out of the SSBCs is aimed at increasing customer convenience and improving access to financial services,' Senior Bank officials said. 

       

      The Centre was inaugurated recently by SBI Chairman O P Bhatt and will become functional soon. India is perhaps unique in having an extensive and elaborate programme of financial inclusion. It is incumbent upon state-run Banks to provide 40 per cent of their lending to customers from the priority sector, which includes agriculture, artisans, small and medium enterprises and scheduled castes and tribes. Most government-owned banks also give loans to students for pursuing studies, whose dimension is growing rapidly. 

       

      Another major effort of the Public Sector Banks is to now cover the unbanked sectors of the economy, which means areas where banking has not reached the populace in urban and rural areas. A large segment of society remains under the clutches of money lenders, who charge exorbitant rates of interest. 

       

      State-owned banks are now taking new initiatives to reach out to the less privileged groups and those having problems by virtue of a chance of birth or that developed later on in life. They need compassion and help. It is a well known fact that private sector banks being driven by sheer profit motive are reluctant to start such services, even though Banks like the HSBC have embarked upon the exercise of financial inclusion. 

       

      Banking services even in a country like South Africa are highly expensive for the common customer. For instance, keeping money below a certain level is chargeable, and so is a bank account statement. This is true despite a nationwide programme of Black empowerment. All said and done, the black population of South Africa remains poor and finds it difficult to take advantage of financial services, including banking and insurance. 

       

      Experts say many countries regard India as a role model for other developing countries to emulate with regard to provision of financial services--it virtually escaped the global meltdown while the banking sector in the West was in the throes of a financial crisis, its elaborate programme of financial inclusion and now special facilities for certain sections like women and small enterprises. The latest in this league are special services for visually handicapped persons by the biggest bank of the country.

       
     

 

S.S.Jogi


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