Vijaya Bank Plans to develop 100 Digital Villages
Vijaya Bank has stated that it plans to develop as many as 100 digital villages in various States across the country as part of its initiative to promote digital banking among the rural population.
At present, Vijaya Bank is the only public sector financial institution to develop digital villages with focus on rural population. Already, the bank has developed 5 villages into Digital Villages.
In the Digital Villages, the bank would offer Internet, free Wi-Fi connectivity, mobile payment facilities, ATM cards, online banking and will carry out a door-to-door campaign to educate the villagers.
Vijaya Bank is a public sector bank with its corporate office in Bangalore. As on March 31 2017, the business worth of the bank is estimated to be ₹2,29,833 crore. As on August 2016, the bank has 1900 branches across the country. The bank boasts of about 13 lakh mobile banking users and 8 lakh Internet banking users.
Month: Current Affairs - June, 2017