After computerizing 270 branches of nine district cooperative central banks, the apex bank Telangana State Cooperative Bank (TSCOB) will computerize 907 primary agricultural cooperative societies (PACS) at a cost of Rs. 40 crore this year, reports Hindu.
TSCOB Chairman K. Ravinder Rao told journalists that on a pilot basis, six PACS in Karimnagar district — Choppadandi, Gattududdenapalli, Raikal, Husnabad, Sultanabad, and Ghambiraopeta — have been computerized. He said they would soon link the PACS with DCCBs. He said they would also introduce micro ATMS at all PACS to help customers make banking transactions in their respective villages.
The chairman said the bank had provided RuPay Kisan credit cards to 35 lakh farmers in the state, including 3.5 lakh in Karimnagar district. The bank would introduce net banking and mobile banking in its 270 branches soon across the state, the chairman announced.
The bank chairman said the Karimnagar DCCB bagged the best cooperative bank award from Nabard recently.
He also announced that the Tscob would open 50 more ATMs in Karimnagar district during current fiscal year.