Customers will get incentives to adopt e-banking/m-banking
By Vaibhav Aggarwal
Aug 29, 2011
Print    Email    RSS   

Banks have decided to come up with incentives to allure customers to opt in at greater pace for internet banking as well as mobile banking facilities.

As per a report released by consulting firm, Boston Consulting Group (BCG), in case banks are able to generate awareness amongst people about the benefits of mobile banking and also gain confidence on the security level of this facility, then a 20-30% rise in usage of the facility can be expected by the year 2020.

"The cost of a transaction put through a branch is Rs 40. The transaction cost is much lower for net banking at Rs 6 and mobile banking at Rs 9. As transaction volumes on net and mobile pick up, transaction costs will come down," said Mr C.V.R. Rajendran, General Manager, Corporation Bank.

"Banks should look at giving financial incentives for promoting usage of Internet banking and mobile banking," said Dr Ashok Jhunjhunwala, Professor, IIT-Madras, at the recent FICCI-IBA conference.

"We are planning to offer cash-back incentives to our existing Net banking and mobile banking customers in the next 2 to 3 months. We will also give various incentives on loans to these customers," said Mr M. Narendra, Chairman and Managing Director, Indian Overseas Bank.



(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

J&K Bank raises PLR
Used Car Loan Melas in India
Credit profile and its effect on loan...
Bank loans that could glitter for you
A chronicle of excesses by loan recovery...

Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive