A big step towards 'ease of living': PM Modi opens 75 digital banking units

The DBUs will help banks that are now looking to reduce their physical footprint with fewer brick-and-mortar branches, with a 'light' banking approach.

Prime Minister Narendra Modi on Sunday said the 75 digital banking units (DBUs) in 75 districts is a big step towards ‘ease of living’ for common citizens and will open up a whole new world of possibilities by combining financial partnerships with digital partnerships.

Inaugurating the 75 DBUs virtually, Modi said the special banking system shall work to provide maximum services from minimum digital infrastructure. “It will also simplify the banking procedure while providing a robust and secure banking system. In a village, in a small town, when a person takes the services of a digital banking unit, everything from