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Union Bank of India to start kiosk banking in Kerala

05 Jul 2013 Evaluate

Union Bank of India is planning to start kiosk banking in Kerala and will begin the process for the same in Ernakulam district. It has inked pact with Akshaya for making Akshaya kendras as banking kiosks. Through these kiosks, customers can open accounts, make remittances and withdrawals, transfer funds from one account to another.

With this initiative, the bank plans to provide extensive reach of banking services through these kiosks. The lead bank for Ernakulam and Idukkit has also rolled out direct benefit transfer in 11 districts of Kerala from July 1, 2013. 

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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