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Sunday, May 24, 2009

“All ATMs will be fully secured to the base”

CUDDALORE: All Automated Teller Machines of Indian Overseas Bank will be fully secured to the base and care will be taken about their location too, said B. Baskaran, Senior Regional Manager, IOB, Puducherry region.

He was speaking at a customers meet at Manjakuppam branch of the bank on Wednesday. He was on his maiden visit to the branch after recently taking charge as Senior Regional Manager.

Mr. Baskaran told The Hindu that it was unfortunate that some culprits had taken away an ATM in Chennai. It was because the ATM was of removable type. Such a thing would not happen again anywhere, he said.

ATMs helped banks to render better service with lesser number of staff and the customers too benefited because they could withdraw money at any time.

The IOB would increase the number of ATMs in the region, comprising the districts of Cuddalore, Villupuram and Tiruvannamalai besides Puducherry, Mr. Baskaran said.
Silver jubilee in October

The IOB (Puducherry region) would be celebrating silver jubilee in October and the bank’s focus would be on attracting low-cost deposits such as savings bank and current account holders.

Besides core banking, IOB would also concentrate on para-banking, including life insurance services, sale of gold coins, mutual funds and so on. Emphasis would be on lending to the priority sector, including agriculture, and, small and medium entrepreneurs, because these sectors have the potential to create a good number of jobs in rural areas, Mr. Baskaran said.

Of 53 branches in the region, 29 were in rural areas. During the last financial year (2008-09), the bank mobilised deposits to the tune of Rs. 1,164 crore and gave away advances to the tune of Rs. 761 crore in the region. The bank now aimed at doubling its performance in the next couple of years.

Mr. Baskaran said that the bank would also periodically organise health camps, diabetes awareness camps and social events. Sale of gold coins and disbursement of gold loan (of Rs. 900 per gram) had also picked up.

Branch managers have been instructed to give away educational loans to the needy, he added.

2 comments:

goldcoins said...

I will agree with you. yes, all ATM are full secured....
Thanks for the great reading, we buy gold bullion in a recession. I will pass this on to our ira clients to read.

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