i nc lu s i ve f i nanc e i nd i a re port 2014
44
S. No.
Bank
Products offered
Infrastructure support
Remarks
12.
Syndicate Bank
• Savings, insurance, KCC,
GCC, direct benefit transfer
• Brick-and-mortar branches,
satellite branches, ultra small
branches, BC agents
• 21 financial inclusion resource
centers in 5 states exhibiting
facets of baking and allied
activities
13.
UCO Bank
• Basic savings account with
OD facility
• KCC
• GCC
• BC model
• Mobile vans with CBS
connectivity
• Brick-and Mortar branches
• Kiosks
• Pioneer in mobile van banking
• Commissioned FI Gateway and
Central Biometric Authentication
Server to introduce interoperability
of transactions through the BC
agents
Private banks
14.
Axis Bank
• Branches
• Ultra small branches with
biometric authentication
• BCs
• Paperless FI account opening by
BCs through e-KYC route
• Number one position in AEPS
• FI gateway setup to integrate BC’s
system to the core banking system
and regulatory bodies such as
UIDAI, NPCI to facilitate online
authentication and transaction
processing.
15.
HDFC
• Basic banking saving deposit
accounts
• Brick-and-mortar branches
• BCs
• ATM facility
• POS terminals
• IT-enabled kiosks
• Supports small and micro enterprises
which in turn provide employment
opportunities to the financially
excluded.
16.
ICICI Bank
• Savings accounts
• Remittances
• Fixed deposits
• Recurring deposits
• Credit
• KCC
• Grameen branches
• BCs
• CSCs
• Mobile vans
• Branch banking as a key strategy
towards Financial Inclusion.
• 52% of total bank branches in rural
and semi urban areas
• ‘Branch on wheels’, a mobile van-
based banking introduced in rural
areas during 2013–14
• Highest number of basic savings
accounts opened amongst all private
banks.
17.
YES Bank
• Savings
• Remittance
• YES Sahaj—Micro ATM
• BCs
• BCorrespondent agents
• Prepaid cards for remittances
• FI initiatives—YES SAHAJ—
Mobile Transaction Kit, YES
MONEY—Domestic Remittance
service and YES LEAP—product
suite for SHGs.
• Inclusive and Social Banking (ISB)
division exclusively focused on
‘financial inclusion’.
Source
: Annual reports 2013–14 of various banks.
