Former Chairman Of Sbi: Digital Banking Push Has Become A Pull Factor

Former Chairman of SBI: Digital banking push has become a pull factor

New Delhi, December 7, 2017 : .Digitisation of Indian banking services has become a pull factor.

 Former Chairman Of Sbi: Digital Banking Push Has Become A Pull Factor-TeluguStop.com

It started out as a push, said Rajnish Kumar, former chairman of State Bank of India.<br/ He said that everyone is talking about technology big time in a discussion on "The Custodian of Trust" his book.

It was written after he retired "when he had lots of leisure time".Initially, the government's push for digital was, in my opinion, a push.It has become a pull factor.<br/ <br/ It is what the customers want.

Covid has accelerated this because consumers now desire everything less.<br/ <br/ He said FinTech's advantage in the evolution of FinTech was that it is able to design both the front and back ends, as opposed to legacy banks.

<br/ <br/ He said that people are more open to technology-driven solutions.<br/ <br/ In India, digital payments have increased exponentially over the last few years.

<br/ <br/ He also stated that digital infrastructure can help to reduce the cost of service delivery.<br/ <br/ The Jan Dhan Yojana-Aadhar-Mobile, also known as 'JAM trinity', helped in pushing digital growth in the country, he added.<br/ <br/

<br/ ad/rv/vd #Chairman #pull #Delhi #Fintech

Follow Us on FacebookFollow Us on WhatsAppFollow Us on Twitter