EPF to go online within 4 months
Union Labour Minister Mallikarjun Kharge has said that Employees Provident Fund Portal will be up within four months, enabling people to check their PF account on the click of a button.
E commercee banking
Indian Bank selected as a Model Bank
Indian Bank has been selected as a Model Bank for their core banking modernisation program by Celent, a research and advisory firm.
HCL deploys ‘Bancmate’ for Agrasen Bank
HCL Infosystems has announced deployment of its Bilingual Banking Software
LIC policy holders can pay premium at any branch by 2011
The Life Insurance Corporation has decided to operationalise a system within two years that will allow policy holders to claim benefits and pay premium at any of its over 2,100 branches.
India: SBI looking to sell products via e-Gram
Soon State Bank of India (SBI) will provide banking services through e-Gram project, the Gujarat Government-pioneered e-Gram project, which aims to provide e-Governance services in villages. SBI will provide checking of account balance, deposits, loans insurance and other banking services through the Internet.
Villagers across 12 states in India to benefit from mobile banking
Thousands of villagers across 12 states are likely to get their social security pension and wages paid under the National Rural Employment Guarantee Act (NREGA) scheme with the help of mobiles over the coming few months.
RBI CAB’s e-Portal for ICT based fin inclusion launched
The Reserve Bank of India has launched an e-Portal (www.ict.cab.org.in) on information and communication technology (ICT) enabled financial inclusion efforts of banks.
Deployment of ATM machines on mobile Molue (buses) in Nigeria
The Nigeria Information Technology Development Agency (NITDA) will install 1000 ATM machines at various locations of Nigeria in partnership with a Private Business. NITDA will provide Mobile Internet Units, which are minivans specially fitted with Internet access to the CHAMS Consortium.
e-commerce is INR 9,200 crore market in India
It is expected that e-Commerce market in India will reach INR 9,210 crore by the end of the financial year, 2007-08. e-Commerce had an estimated market of INR 7,080 crore at the end of 2006-07.
Zeroing in on branchless rural banking
This is the first time, villagers in Warangal district in Andhra Pradesh will receive payments under the National Rural Employment Guarantee Act (NREGA) through a cutting-edge disbursement method.
