Use technology to connect with masses: N. Chandrababu Naidu advises banks

N. Chandrababu NaiduChief Minister of Andhra Pradesh N. Chandrababu Naidu has recommended banks to utilise technology for ensuring quality services and products to the masses.

He emphasised on the power of technology with regards to banks while speaking  at the 101 founders’ day celebration of Karur Vysya Bank in Visakhapatanamon Saturday.

The bank has adopted a remote village named Bandarupalli that had no banking facilities and set up a digital branch there. Cashless transactions are provided in the village and all the banking transactions are performed digitally.

Praising the bank’s visionary leadership,Chandrababu Naidu said, “ Identifying the banking needs of the local community in Karur (Tamil Nadu) and thereby earning the trust of the people had put the Karur Vysya Bank (KVB) on a firm footing. From a small town, it had grown into one of the major banks in the country.”

He also appreciated the bank for contributing Rs 100 crore from its CSR funds to Visakhapatnam district and advised other banks to emulate KVB.

“The bank is offering complimentary wi-fi facility in Bandarupalli village, ensuring online payments and digital banking and facility of micro ATMs at commercial establishments in the village,” P.R. Seshadri, MD and CEO of KVB.


The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.