Saturday, 4 February 2012

Paper less banking:

As a result of an enormous technological development in the country there are every now and then changes taking place in all fields and so is the case in the area of banking where many a banks including State Bank of India are talking so loud about paper less banking quoting their ATMs as their major component in the direction. True, concept of paper less banking is laudable as it helps customers in transacting necessary business without waiting for their turn standing in the big queues but such queues  are still there in front of ATMs and the like. Queues even in different branches of the banks are hardly reduced as a result of different banking institutions earlier decision of drastically reducing staff strength in their offices. There is certainly a rationale behind the concept of paper less banking but this can work better only when there is adequate staff strength duly provided by taking the respective unions into confidence

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