Kohima, Jun 21 (UNI) In a landmark achievement in the banking system of the country, the Nagaland unit of the State Bank of India (SBI) has become the first state in the Northeastern region to link all the branches across the country by Core Banking System (CBS).
Addressing mediapersons at Dimapur yesterday, SBI Assistant Manager S C Sen revealed that all the 45 branches in Nagaland had been brought under the CBS platform and the customers of SBI in the state would now benefit from 24-hour banking facilities all over the country along with ATMs.
The installation of CBS, which began under four project officers throughout the state starting from Kohima, was completed on Thursday at the Phek branch of SBI.
However, problems had arised in the remote Noklak branch of SBI, where there is no electricity and telephone facilities, but it was finally completed through V-SAT and generator sets.
''The SBI is the largest bank in the country and we are planning to bring 25,000 more ATMs throughout the country, as banks are the catalysts to social development,'' Mr Sen said.
Unless banking services are made available to the public, there cannot be development in the society, Mr Sen added.
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