STATE BANK TO SET UP BRANCH FOR YOUTH

In a bid to attract young customers ,State Bank of India would soon launch a new branch here exclusively for the youth.

The 'youth branch' would offer burgers, coffee and music to the youngsters.

K Shiv Kumar, Deputy Managing Director of SBI said the bank is finalising location for the 'youth bank' and it will be set up in three months.

"It will have a cafe kind of environment. It will have same banking facilities and products (like other branches)," Shiv Kumar told reporters.

Shiv Kumar said the first of its kind youth branch will be set up in other states as well based on the outcome of the proposed branch here.

He said though SBI has the best technology and products, it felt that youngsters are not attracted by it.

The bank recently launched a 'crorepati branch' here which has done around Rs 90 crore business since it opened on September 3.

Meanwhile the bank today launched cyber payment system for commercial taxes department of AP. The system enables the traders to pay their regular taxes like VAT and CST online through their SBI accounts.

SOURCE: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/State-Bank-to-set-up-branch-for-youth/articleshow/6950073.cms