Tit-Bits— Report on Trend and Progress of Banking in India – Absorbing information about the potential of ePayments in India
Q: What is the size of ePayments network in India
Ans: As per the Report on Trend and Progress of Banking in India 2008-09, released by Reserve Bank of India on 22nd 2009, the number of Scheduled Commercial Bank Branches in India as on 31/03/2009, is 64,608/-. Out of this 60,000+ are on RTGS/NEFT Network i.e a staggering 93%.
This means with a single click, funds can be transferred to 60,000 Branch Account Holders!!
Indeed, our ePayments Network must be the largest in the world.
Of course, if the bank branch is on CBS, the funds will move at a faster pace.
All the private sector banks are already on CBS.
The New private sector banks, commenced operations with CBS only, as they did not have the leagacy of old data, systems, etc.
The Older Private sector banks, could migrate to CBS, chiefly due to less number of branches as compared with the Public Sector Banks(PSBs). Of course, these banks had their share of teething problems.
The Foreign sector private banks, too were on CBS on Day 1.
Out of the 27 PSB’s, apart from the State Bank of India Group, Andhra Bank(1425 brs), Corporation Bank(1035 brs), Indian Bank(1612 brs), Oriental Bank of Commerce(1422 brs), Punjab National Bank(4327 brs), Syndicate Bank(2246 brs), Union Bank of India
Bank of India, Indian Overseas Bank, United Bank of India, Bank of Baroda, Bank of Maharashtra, Dena Bank, UCO Bank, Canara Bank, Central Bank of India, Allahabad Bank, Punjab and Sind Bank are yet to bring all their branches under CBS, as on 31/03/2009.
Out of the above, Bank of Baroda
Some of the PSB’s are opening new branches with CBS from Day 1. This results in making available all the technology driven products to the new Branch customers from Day 1. Hence, the branch can build up a health CASA from day 1.
The below table, reflects the computerization levels in Public Sector Banks as on March 31, 2009.
| Appendix Table IV.35: Computerisation in Public Sector Banks (As on March 31, 2009) | |||||
| (As on March 31, 2009) | |||||
| (Per cent) | |||||
| Sr. | Name of the Bank | Branches Under | Branches | Fully | Branches |
| No. | | Core Banking | Already Fully | Computerised | Partially |
| | | Solution | Computerised# | Branches (3+4) | Computerised |
| 1 | 2 | 3 | 4 | 5 | 6 |
| | Public Sector Banks | 79.4 | 15.6 | 95.0 | 5.0 |
| | Nationalised Bank | 70.6 | 22.3 | 92.9 | 7.1 |
| 1 | Andhra Bank | 100.0 | – | 100.0 | – |
| 2 | Corporation Bank | 100.0 | – | 100.0 | 0.1 |
| 3 | Indian Bank | 100.0 | – | 100.0 | – |
| 4 | Oriental Bank of Commerce | 100.0 | – | 100.0 | – |
| 5 | Punjab National Bank | 100.0 | – | 100.0 | – |
| 6 | Syndicate Bank | 100.0 | – | 100.0 | – |
| 7 | Union Bank of | 100.0 | – | 100.0 | – |
| 8 | Vijaya Bank | 100.0 | – | 100.0 | – |
| 9 | State Bank Group | 100.0 | – | 100.0 | – |
| 10 | State Bank of | 100.0 | – | 100.0 | – |
| 11 | State Bank of | 100.0 | – | 100.0 | – |
| 12 | State Bank of | 100.0 | – | 100.0 | – |
| 13 | State Bank of | 100.0 | – | 100.0 | – |
| 14 | State Bank of | 100.0 | – | 100.0 | – |
| 15 | State Bank of | 100.0 | – | 100.0 | – |
| 16 | State Bank of Saurashtra | 100.0 | – | 100.0 | – |
| 17 | State Bank of Travancore | 100.0 | – | 100.0 | – |
| 18 | Bank of | 85.8 | 14.2 | 100.0 | – |
| 19 | Indian Overseas Bank | 72.4 | 8.5 | 80.9 | 19.1 |
| | United Bank of | 69.3 | 22.2 | 91.5 | 8.5 |
| 20 | Bank of | 65.8 | 34.2 | 100.0 | – |
| 21 | Bank of | 54.4 | 45.6 | 100.0 | – |
| 22 | Dena Bank | 51.2 | 48.6 | 99.8 | – |
| 23 | UCO Bank | 49.8 | 1.5 | 51.3 | 48.7 |
| 24 | Canara Bank | 38.6 | 61.4 | 100.0 | – |
| 25 | Central Bank of | 30.8 | 55.7 | 86.5 | 13.5 |
| 26 | Allahabad Bank | 9.7 | 87.7 | 97.4 | 2.6 |
| 27 | | 1.1 | 11.8 | 12.9 | 87.1 |
| – : Nil/Negligible. | |||||
| #: Other than branches under Core Banking Solution. | |||||
