Mumbai (Maharashtra): Governor of Reserve Bank of India Shaktikanta Das The central bank on Sunday said that the central bank is taking progressive steps to improve the availability of digital infrastructure for banking services.
Governor Shaktikanta Daso Told reserve Bank of India Issued necessary guidelines after consultation Indian Banks Association and other experts in the field, following the announcement made in the Union Budget 2022-23 for setting up 75 digital banking units.
He said that it is a matter of happiness that both public and private sector commercial banks have responded very positively to this initiative and added that 75 DBUs have been set up in a record time of six months in 75 districts of the country. To commemorate 75 years of independence. The Governor said, “His focus was to harness the benefits of technology and innovation in the banking sector. The setting up of DBU is a step to further enhance the digital infrastructure in the country. It will act as a enabler in the digital ecosystem. and will improve the customer experience by facilitating seamless banking transactions.”
Shaktikanta Das also said that DBU will enhance our efforts to promote financial inclusion by providing banking services in a paperless, efficient, safe and secure environment. “Specialized financial services provided by DBU include, among other things, savings, loans, investments and insurance.”
The Governor said that on the delivery front, the DBUs will provide end-to-end digital processing of small ticket retail and MSME loans from online application to disbursal and these DBUs will also provide services related to certain government-sponsored schemes.
“The products and services will be provided in these units in two modes, namely self-service and support mode, with self-service mode available on 24X7X365 basis. Banks are also free to engage the services of digital business facilitators and business correspondents. To expand the footprint of DBU,” the Governor said.
He also appreciated the efforts made by Indian Banks’ Association, the banks which have set up these DBUs. financial services department In ministry of finance And his colleagues in RBI set up these units in such a short span of time.
Governor Shaktikanta Daso Told reserve Bank of India Issued necessary guidelines after consultation Indian Banks Association and other experts in the field, following the announcement made in the Union Budget 2022-23 for setting up 75 digital banking units.
He said that it is a matter of happiness that both public and private sector commercial banks have responded very positively to this initiative and added that 75 DBUs have been set up in a record time of six months in 75 districts of the country. To commemorate 75 years of independence. The Governor said, “His focus was to harness the benefits of technology and innovation in the banking sector. The setting up of DBU is a step to further enhance the digital infrastructure in the country. It will act as a enabler in the digital ecosystem. and will improve the customer experience by facilitating seamless banking transactions.”
Shaktikanta Das also said that DBU will enhance our efforts to promote financial inclusion by providing banking services in a paperless, efficient, safe and secure environment. “Specialized financial services provided by DBU include, among other things, savings, loans, investments and insurance.”
The Governor said that on the delivery front, the DBUs will provide end-to-end digital processing of small ticket retail and MSME loans from online application to disbursal and these DBUs will also provide services related to certain government-sponsored schemes.
“The products and services will be provided in these units in two modes, namely self-service and support mode, with self-service mode available on 24X7X365 basis. Banks are also free to engage the services of digital business facilitators and business correspondents. To expand the footprint of DBU,” the Governor said.
He also appreciated the efforts made by Indian Banks’ Association, the banks which have set up these DBUs. financial services department In ministry of finance And his colleagues in RBI set up these units in such a short span of time.