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Reserve Bank of India organises e-Baat programme at XLRI

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Jamshedpur, Oct 26: In an endeavor to promote the usage of e-Mode for banking transactions and shift towards cashless and paperless economy, the Reserve Bank of India, Patna, organised an electronic banking awareness and training programme titled, “e-Baat” at XLRI, Jamshedpur on Monday, October 26, in association with the Bank of India.

M.K. Verma ,regional director, RBI, Bihar & Jharkhand, chaired the programme, which was attended by Brij Raj, DGM, RBI, Patna, Shailaja Singh, AGM, RBI, Patna, Alok Yadav, regional manager, Bank of India, Sanjay Prakash, regional manager, State Bank of India, Pankaj Srivastava, regional manager, Bank of Baroda, Suresh Sonthalia, president, Singbhum Chamber of Commerce and Industry (SCCI), other senior officials of banks, and office bearers of the SCCI. Altogether, around 150 people from various sections of the society, including bank customers and students of XLRI, were present at the meet.

Verma underscored the importance of e-Mode of banking in the context of neo initiatives taken by Government of India. He drew attention of the audience towards the programme of Digital India launched by Union government with a view to transform the country into a digitally empowered society and knowledge economy.

Verma stated that the need to make a transition towards e-Banking is not only required for efficient way of banking, but also to address the environmental and climate issues. He urged the banking fraternity to educate everyone concerned about electronic banking. The RBI regional director also underscored several do’s and don’ts of e- banking to the audience and advised them to strictly abide by the laid down safety measures.

Other topics like RBI’s monetary p Policy, inflation, NPAs in banks, new bank licenses, interest rates, foreign exchange management and others were also discussed and queries put forth by students were answered to their satisfaction.

A power point presentation on various innovative e-Banking products including NEFT, RTGS, mobile banking, Internet wallet, pre-paid cards, debit and credit cards was shared with the audience.

In the last part, the programme was open for a Q&A session wherein several queries were raised by participants, which were answered satisfactorily by the RBI regional director and other dignitaries on dais.

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