Rural India gets mobile banking | Fusion - WeRIndia

State-run Canara Bank’s two sponsored regional rural banks (RRBs) in Kerala and Karnataka on Wednesday launched an instantaneous payment service through the National Payments Corporation of India (NPCI).

This new advanced facility can help the customers of Kerala Gramin Bank and Pragathi Krishna Gramin Bank to send and receive payments from their mobile handset uninterrupted and throughout the year, states NPCI chairman M. Balachandran.

As an inexpensive payment mechanism to help people across the country and facilitate monetary inclusion, NPCI was started in 2009 as a not-for-profit organisation with Rs.300-crore authorised capital and Rs.100-crore paid capital by six state-run, 2 private and 2 overseas banks as its co-financers.

The two RRBs are first within the southern region to supply the distinctive inter-bank remittance processing service through our network exploitation mobile, web and ATM (automatic teller machine) on 24 hours on a daily basis, seven days every week, Balachandran addedd on the occasion.

Kerala Gramin Bank operates in all the fourteen districts of Kerala through 565 branches, 157 banking kiosks (Akshaya centres), three BCA (banking business correspondents) and 202 ATMs.

With Rs.20,940 large integer business in business enterprise 2014-15, KGB ranks high among the fifty five RRBs across the country. These two RRBs widely use information and communication technology to offer several products and services of the Bank to their customers.

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