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| RBI appreciates JK Bank for issuing smart cards | | | Early Times Report
Jammu, Mar 23: Drawing upon the merging domains of technology and finance, J&K Bank today launched and distributed Smart Cards at village Sanghani Tehsil Akhnoor & Village Chakra Tehil Bishnah in Jammu division. The issuance of such smart cards, mostly in the areas that remain far off from the city-centers, is part of a larger initiative of the bank taken to bring in more and more people in the formal fold of banking. The function was organized under the banner of 'Financial Inclusion' in collaboration with RBI that is celebrating its Platinum Jubilee.
In his inaugural address Narinder Singh, Manager Reserve Bank of India, said, "J& K Bank is going all out for the larger goals of financial inclusion with major thrust in the rural areas and the issuance of these smart cards focuses on the unbanked population making use of Biometric technology, whereby thumb impressions are captured and saved for secure future transactions". He further said that Khidmat Centers established by J&K Bank will facilitate both the collection and payments of cash through the use of these smart cards.
Speaking on the occasion, Adarsh Gupta and Sunil Gupta J&K Bank Business Cluster Heads for village Sanghani and Village Chakra highlighted various state and central sponsored schemes of self employment initiated by the bank for rural up-liftment and poverty elevation. |
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