In a major boost for the cooperative banking sector, the Reserve Bank of India (RBI) has granted a license to Maharashtra based Solapur Janata Cooperative Bank to offer mobile banking services.
This approval paves the way for the bank to provide secure, digital, and accessible financial services to its customers, marking a significant milestone in its journey.
The new license enables the bank to launch comprehensive mobile and digital banking solutions, including instant fund transfers, mobile wallets, digital account management, and other technology-driven financial services.
With RBI’s approval, the bank now joins a growing number of cooperative banks adopting modern digital solutions to meet the needs of today’s tech-savvy users.
The bank plans to roll out its services soon, signaling a new era of digital banking convenience for the people of Solapur and surrounding areas.
