[sbinews] Floating ATM (Businessworld)
- From: "Rajendra S. Pai" <rajendra.pai@xxxxxxxxx>
- To: <sbinews@xxxxxxxxxxxxx>
- Date: Fri, 16 Jan 2004 09:21:08 +0530
NOTE: SBINEWS DOES NOT PERMIT CIRCULATION OF ATTACHMENTS. ATTACHMENTS, IF ANY,
CIRCULATED WILL BE ONLY BECAUSE OF VIRUSES. PLEASE,THEREFORE, IGNORE
ATTACHMENTS IF ANY IN SBINEWS MESSAGES
************************************************************************
Floating ATM
(Businessworld)
Now you can bank while you boat in the serene backwaters of 'God's Own
Country'. Literally. In Kerala, State Bank of India (SBI) is launching the
world's first floating automated teller machine (ATM). The ATM is on a
state-owned ferry that plies across the idyllic backwaters of the state,
delivering passengers and cash.
SBI will use Code Division Multiple Access (CDMA) wireless technology to run
the machine. The official launch is set for January 2004, says P. Sukumar,
assistant general manager at SBI's Ernakulam main branch.
"A lot of people are commuting from these islands everyday," Sukumar points
out. "They cannot go to the bank to draw cash, it's a trial in itself. And,
it is a novel idea too."
The picturesque backwaters have nearly 1,900 km of waterways along which
hundreds of thousands of people commute daily. Though the ATM is primarily
intended to serve backwater regulars, it also hopes to catch the swelling
wave of tourists pouring into the state.
According to the latest government figures, tourism is now Kerala's fastest
growing industry. Last year, it earned Rs 950 crore from foreign tourists
alone and grew at nearly double the national average for the sector. This
season, all the three-, four- and five-star hotels in the state have been
fully booked since mid-December.
The other floating cash dispenser is on board the Queen Mary II, the largest
cruise ship in the world. However, it is part of a full-fledged bank branch.
So SBI officials say that their off-site ATM is distinctively different.
The Kerala ATM will join the ranks of another unconventional Indian banking
machine. ICICI Bank runs an ATM van in Mumbai which stops daily at four
locations in the suburbs. Banks are reaching out to customers.
----------------------------------------------------------------------
Email From ""Rajendra S. Pai" <rajendra.pai@xxxxxxxxx>" was security checked by
3.90 version of CxProtect(tm)
On: mail_store at: 09:28:16, 16-Jan-2004 Friday
----------------------------------------------------------------------
***************************************************************************
Mailing list (sbinews@xxxxxxxxxxxxx) related information:
News/articles about SBI and Banking related matters published in the print
media, Internet etc will be circulated through this Mailing List.
The messages in this list will help in improving awareness of SBI and its
activities vis-a-vis the happenings in the Banking industry. This should be of
help to all staff members of SBI, particularly those who are preparing for
promotional written tests/interviews/group discussions. Subscription to this
Mailing List is simple and FREE. Please check the procedure below. Please share
this information with other colleagues/branches that could be interested in
subscribing to this Mailing List.
The messages circulated here should not be deemed to have the official
endorsement of the SBI or any of its employees. The correct factual position
may be ascertained from official sources.
To join this mailing list, just send an email to sbinews-request@xxxxxxxxxxxxx
with the word 'subscribe' without the quotes in the subject of the email
message.
To leave this mailing list, just send an email to sbinews-request@xxxxxxxxxxxxx
with the word 'unsubscribe' without the quotes in the subject of the email
message.
Archives (old messages) are available for viewing at:
//www.freelists.org/archives/sbinews
Click on the month-year at the lower left corner to view messages posted during
that month.
This is an announcements/newsletter type mailing list i.e. only the Moderator/s
can post messages to the list.
This mailing list is maintained and moderated by Sri. R.S.Pai, currently
working as Chief Manager(IT-Internet Banking), SBI, Corporate Centre, Mumbai.
Visit http://rspai.tripod.com for some useful Banking, Reference and Utilities
Links
Other related posts:
- » [sbinews] Floating ATM (Businessworld)