South Canara District Co-operative (SCDCC) Bank Ltd, a premier co-op bank in the state, has become the first bank in the country to introduce mobile banking. | |
| Speaking on the occasion, M N Rajendra Kumar, president, SCDCC Bank, told reporters that the initial services in mobile banking would be restricted to Mangalore alone. |
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| The final stamp of approval from the Reserve Bank of India was awaited but the bank was confident of procuring it and starting full-fledged operations by the next month. |
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| Industrial, educational and residential areas would be the 'key targets' of mobile banking during specified hours Kumar said adding that the response hither to it was encouraging. |
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| The 'mobile banking' van has been designed by Zenith Infotech at a cost of Rs 35 lakh. |
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