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"HAPPY BIRTHDAY-13TH OCTOBER 2017(FRIDAY) JASWINDER PAL SINGH SENIOR SPL ASSISTANT DON KALAN Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Om Parkash Sikri DEPUTY MANAGER ISMAILA BALDEV RAJ Addl. Associate 1 HANSLI BRIDGE, BATALA Ramesh Kumar SR. ASST. (BANKING) SME BRANCH, CHANDIGARH VEENA PACHPORE Addl. Associate 1 SEC 35-C, CHANDIGARH Ashok Kumar Goyal DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING Kuldeep Kumar Sharma DEPUTY MANAGER ZONAL OFFICE JAMMU Jaswinder Singh SENIOR SPL ASSISTANT TRIPRI PATIALA Dalbir Singh SR. ASST. (BANKING) UDHAMPUR Ambika Chugh ASSISTANT MANAGER AMBALA CITY Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Parveen Kumar Sharma ASST. GEN. MANAGER NRI JULLUNDER HEM SINGH Addl. Associate 1 KASAULI MANJINDER SINGH RANDHAWA ASSISTANT MANAGER ANAJ MANDI, SIRHIND MANDI ASHUTOSH JAIN Addl. Associate 1 ADB MALERKOTLA DEEP CHAND MANAGER LOHAKA Raj Kumar Bhagat DEPUTY MANAGER BHOGPUR SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD MUNISH BALI Addl. Associate 1 BANKING OPERATIONS DEPARTMENT-HEAD OFFICE PATIALA Nitin Soni DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING SANJEEV BHATIA ASSISTANT MANAGER BEESLA Sudhir Kumar DEPUTY MANAGER REWARI Gurupdesh Kaur CUST. ASST. (BANKING) ROPAR PAYAL MEHTA Addl. Associate 1 GHUMAR MANDI, LUDHIANA AMIT RAJ DEPUTY MANAGER HO PATIALA -OUTREACH/FINACIAL INCLUSION DEPTT Nitin Sharma DEPUTY MANAGER(S) ROHRU AMRITA DEEPAK Addl. Associate 2 JALANDHAR ZONAL OFFICE-RO-I JALANDHAR -ADMIN JASWANT SINGH ASSISTANT MANAGER S.A. JAIN COLLEGE, AMBALA CITY Vikas Goyal CUST. ASST. (BANKING) MANSA PANKAJ KUMAR TAMTA DEPUTY MANAGER NOORMAHAL ROAD ,PHILLAUR SIMRANJEET SINGH CUST. ASST. (BANKING) SPECIALISED AGRI COMM BR, PATIALA AVINASH KUMAR Addl. Associate 1 ABLU RIGZIN GURMETH ASSISTANT MANAGER ALSINDI Deepshikha . CLERICAL - ON PROB. MOHALI (S.A.S. NAGAR) Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND SUNIL KUMAR ASST. (BANKING) GHAGA Sandeep Dhillon ASSISTANT MANAGER AMRITSAR Ram . Kishan CUST. ASST. (BANKING) NAKODAR ROAD, JALANDHAR Amandeep Sharma CLERICAL - ON PROB. NANGAL BHUR *** table>

Wednesday, 11 February 2015

Technology set to transform the banking sector: Are banks ready?

A look at the list of applicants released by the Reserve Bank of India for small banks and payments banks can easily lead you to believe that some of them are toy shops or neighbourhood provision stores, selling small, dailyuse items. Among the applicants are names like A Little World, Belapur and Aamcol Trexim & Mackmorn Commodities, Kolkata.

That may well become the case with regular banks too given the current pace of technological change and the RBI's progress. 

A time may come when State Bank of India or ICICI Bank may hawk sweaters, refrigerators or even i-pads either at their branches, or on their websites as the Sygma Banque of Poland does.

The thing to remember though, is that it is not bankers who are transforming the customer experience. Those with technological power are changing the way Indians transact. 

In Delhi, a passenger and an autorickshaw driver are in acrimony on a windy winter morning over Rs 20 change payable by the driver in exchange for Rs 100 towards the fare. Suddenly, they both realise the solution fits in their palms, in the form of the Paytm wallet. The driver will use the Rs 80 in his digital wallet to recharge his mobile. 

Direct Channels

In the past decade, more transactions have been done from desktops and ATMs than bank branches. And in the next 10 years, many may not even go to banks. Instead, the mobile — which has already doubled up as a movie hall, music system, camera and game console — may come in handy. The telecom service provider or the neighbourhood kirana store may well be your bank. 


"They (mobile and internet) are no longer alternate channels, but direct channels," says SK Mishra, deputy managing director, corporate strategy and new businesses, State Bank of India, which has seen 60% of transactions shift to mobile phones and the internet. "Now, it is the branch that is the alternate channel." 

State Bank of India and the country's largest private bank, ICICI Bank, will soon help you travel by the metro across cities without your having to buy a ticket, through their contactless cards. All you have to do is show your card and walk into the metro station at Mumbai and if you're taking a flight to Delhi, show the card when you land and hop on to the metro there. The ticket price will automatically be deducted from the balance on the card.When the balance goes below Rs 100, ICICI Bank will automatically replenish the funds from your credit or debit card. On social media, ICICI Bank's Facebook app also allows you to book movie tickets and split the tab with friends even as you post your newest selfie on the social networking site. Similarly, HDFC Bank's offer locator is an app that not only helps you locate the nearest branch or ATM but also the restaurants where it has the best offers. "The mobile gives banks the ability to reach out to customers in real time,real time," says Nitin Chugh, head, digital banking at HDFC Bank.




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