Thursday, May 10, 2007

UTI BANK TO INTRODUCE HOME BANKING TO SIKKIM

UTI Bank is all set to introduce home banking service and priority banking in Sikkim soon.Special attention will be given to depositors of Rs.1lakh by opening a separate counter at the new branch office at MG Marg.
Sunanda K.Mitra, president of UTI Bank's eastern region, said customers having a balance of more than Rs.1lakh will be entitled to home banking service.He added that the bank will also send the bank staff to the house to deliver money to women.
Of the 12 branches in the North-East, Sikkim has two branches with ATM facilities and within five years it has climbed to third in terms of deposits in the state after SBI and Central Bank. UTI's net profit last year was 35% and the current deposit ratio of 12% more than last year.Mitra said though the Sikkim branch gave an advance of 12 crores last year, another 80 crores has been invested in Sikkim by customers from outside the state and in Sikkim UTI Bank preferred personalized services for the customers with deposit insurance ,credit guarantee,cooperation,home banking,priority banking and a proposed drastic cut in service charges.