Bank of India recently launched mobile-based remittance facility through business correspondents, whereby remitters can send remittance to their relatives over mobile. Recipients can collect their money from the business correspondents engaged by the bank.
The bank plans to engage 15,000 BCs, said a press release. The bank is also looking to include one crore unbanked people in its fold, for which it will reach to about 30,000 villages in the next three years. It is also targeting credit outlay of Rs 11,500 crore to approximately 66 lakh households and insurance coverage for the account holders under group insurance scheme.
+1.jpg)
0 comments
Post a Comment