Vijayawada: Andhra financial institution will soon launch a Bharat bill price provider, to permit clients to make all utility invoice payments.
“RBI (Reserve bank of India) gave its approval days in the past for us to launch this carrier and it must optimistically be operational by September,” Andhra financial institution managing director and CEO Suresh N Patel stated.
Addressing a press convention here on Friday nighttime, Mr Patel said the financial institution might also launch soon a consumer price interface on the way to allow clients to perform money transfers the usage of their mobiles.
He stated Andhra bank turned into focusing on transport of services the usage of technology under the JAM (Jandhan-Aadhar-mobile) initiative.
“we’ve got launched a number of IT projects for handy banking revel in. with the aid of offering information of their Aadhar and cellular range, customers could make better use of our services at the cellular platform,” he brought.
Mr Patel, who met Andhra Pradesh chief Minister N Chandrababu Naidu right here on Friday afternoon and presented a cheque for Rs 50 lakh for the CM alleviation Fund, stated the bank would hire girls of self-help organizations as banking correspondents.
“we are able to do it on a pilot basis in one district and relying on the final results will try and reflect it. As such we already have a wide network of BCs who’re doing properly,” he stated.
Andhra bank signed an MoU (memorandum of expertise) with the Andhra Pradesh government for extending loans to buyers prepared to put money into unique tasks within the state’s new capital Amaravati, Mr Patel said.