NEWS & ADVICE : CREDIT CARDS
SBI initiates green banking in Mangalore
By Ankit Sharma
Feb 9, 2011
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The largest lender of the country, State Bank of India is planning to spread its green banking operation across the country in as fast pace as possible. It aims to bring 700 of its branches under its Green Channel Counter (GCC) in the upcoming few months.

The bank has recently set up its first GCC in Mangalore at the main branch of SBI. The GCC was inaugurated by Rebati Kanta Biswal, general manager (network 1), SBI, Bangalore Circle.

According to Biswal, there were 24 GCC branches in Bangalore, two in Hubli and one in Mangalore. So far 318 GCC branches have been set up all over India.

Around six months back, the bank had started its Save a Tree campaign to give emphasis on paperless banking procedures.

GCC's working mechanism is based on SBI debit card. When the card is swiped on a point of sale terminal (POS), the transaction takes place and acknowledgement received on a small paper note.

 

 


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