The State Bank of India's (SBI’s) has been smoothly handling the post demonetisation demands as its digital transaction platforms are equipped to handle much higher transactions than the average level, a senior official said.
"There has been quantum jump in digital transactions post demonetisation and these are being handled seamlessly,” said SBI chairperson Arundhati Bhattacharya.
According to the official, mass usage of digital channel is a good shift which, apart from being available to the customers 24x7, it also decongests branches.
After demonetisation the bank's Point of Sale (PoS) transactions have seen 200 per cent jump by value and 300 per cent volume wise increase, showing that digital transactions are on the rise, the official said.
With inputs from IANS.
Comments ↓
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
