Friday, April 13, 2012

mobile banking -

In India where about 70% population is living in rural areas bank should mustthink

for mobile banking system .It is possible taking the concept of CBS system and ATM

system together where all transactions are satellite /internet based . This mobile

team mounted on a van may visit on different route in rural area .One area may be

repeated on weekly basis.In this way micro investment may take quantum jump in

India because of maximum participation of women and poor people who otherwise not

in regular touch of banks due to transport or other socio-economic reason.This will

reduce crowd in banks also. -Lalit . (Satyamev jayate )

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