Transformation from traditional banking modes to modern ways of banking is taking place at a fast pace. A number of alternate delivery channels for provision of banking services like ATMs, Credit Cards, POS (Point of Sale) terminals, Internet Banking, Debit Cards already exist in our country to benefit the masses. Currently, 93% of the total bank branches are offering Real-Time Online services.
Ladies and Gentlemen, we are now leveraging the mobile phone technology and agents network, that has resulted in the development of branchless banking to a higher tier of accessibility and resource utilization. Branchless Banking is now helping in reaching out to the low income groups and unbanked people through more than 30,000 access points across the country.