The State Bank of India (SBI) just lately inaugurated an ATM on a Houseboat at Dal Lake, Srinagar. Known because the floating ATM, it was inaugurated by the SBI Chairman Shri Dinesh Kumar Khara on 16 August 2021. SBI had only recently tweeted out the images from the occasion on its official Twitter deal with. The banks mentioned that this was performed in an try and be a much-needed vacationer attraction and that it will add to the appeal of Srinagar.
The tweet learn, “SBI opened an ATM on a Houseboat at #DalLake, Srinagar for the convenience of locals & tourists. It was inaugurated by the Chairman, SBI, on 16th August. The #FloatingATM in the popular Dal Lake fulfils a long-standing need & will be an added attraction to the charm of Srinagar.”
This isn’t SBI’s first try at this sort of floating ATM concept. It ought to be famous that the lender had beforehand launched its first floating ATM in 2004 in Kerala. The machine was put in on the Jhankar yacht owned by Kerala Shipping and Inland Navigation Corporation (KSINC). The ATM operated between the Ernakulam and Vaypeyan areas.
SBI continues to push its efforts to herald innovation and unfold its attain throughout the nation. As it stands, it’s the largest industrial financial institution when it comes to belongings, deposits, branches, prospects, and workers. It can be the most important mortgage lender within the nation which has thus far fulfilled the house shopping for desires of 30 lakh Indian households. The house mortgage portfolio of the financial institution has crossed the milestone of Rs. 5 lakh crore. As of June 30, 2021, the financial institution has a deposit base of over Rs 37 lakh crore with a CASA ratio of almost 46 per cent and advances of greater than Rs 27 lakh crore. SBI instructions a market share of 34.77 per cent and about 31.11 per cent within the house loans and auto loans phase respectively.
The large lender has one in all, if not, the most important community within the nation that clocks in at 22,224 branches and 63,906 ATM / CDM in India with 71,705 BC retailers. The financial institution additionally has a large buyer base with round 91 million prospects utilizing their web banking and round one other 20 million utilizing cellular banking providers. One of SBI’s hottest options, SBI YONO, has near 36 million registered customers, with round 11 million logins per day. To additional showcase how the sheer quantity of it, it ought to be famous that the financial institution had seen round 1.5 lakh accounts being opened by YONO within the quarter resulted in June of 2021. In phrases of digital lending, the financial institution disbursed private loans of round Rs 2,430 crore by the YONO cellular app in the identical quarter. On social media platforms, SBI has the best variety of followers on Facebook and Twitter amongst all banks worldwide.
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