The Mahesh Rupay ATM card is expected to draw more users to its ATM channel and also reduce the overall transaction costs for the bank.
The A.P. Mahesh Co-operative Urban Bank has launched its Mahesh RuPay ATM card in collaboration with National Payment Corporation of India (NPCI). Intended primarily for no frills account holders, the Rupay ATM card is expected to draw more users to its ATM channel and also reduce the overall transaction costs for the bank.
Commenting on the launch, A P Hota, managing director and chief executive officer of NPCI said that in the longer run, increasing use of ATM cards will prove to be cost-effective for both the lenders and its customers and that the A P Mahesh Co-operative Urban Bank had taken a lead in the cooperative sector in south India by launching its ATM card.
According to reports, the bank's business has crossed Rs1775 crore and it plans to expand its branch network to other states in the country. At present, it has a total of 36 branches majority of which are located in Hyderabad and its twin city, Secunderabad.
Dr Subramanian Swamy talks about how to take the anti-corruption crusade forward
Thanks to the ruling by the Supreme Court on sanction for prosecution, there is now a way that every citizen can approach investigative authorities for taking corrupt officials or ministers to task, said Dr Subramanian Swamy, president of Janata Party and anti-corruption crusader.
“The media highlighted the part about the deemed sanction for prosecution if no decision is taken by government for more than four months after being approached by a citizen. However, Justices Ganguly and Sanghvi also made another important observation. They have ruled that any citizen can approach an investigative body with prima facie evidence against a corrupt official or minister; and can ask for an investigation. So if you know a corrupt official in your municipal Ward, and you have evidence, you can order for an enquiry,” Dr Swamy said.
He said that corruption must be fought at all levels, and must be taken up in a political way. He referred to Anna Hazare and said, “Anna must lose his mistrust for politicians, and work together. Participating in party politics is the way of democracy.” He pointed out that where as Anna has a huge following among the masses, Baba Ramdev has an equally impressive following among backward classes. Together, they can bring about a political change.
He said, “One way to combat corruption is by using technology. Online transactions and downloads has ushered in transparency in many sectors. The other thing to do is to make an example out of the corrupt who are being caught. The fear of getting caught and punished heavily must prevent people from taking bribes or engaging in corruption.”
Dr Swamy also said that it is important to stay positive during the fight. “If you turn cynical, you will lose the battle. Be positive. There are good people who are helping us, there are honest judges and officials who are making things work and taking a stand against the corrupt government. I believe I have demonstrated that we can get results by fighting within the system. All we need is Parliament where only 10% of the people are honest, we are going to have phenomenal progress,” he said.
He gave example of himself, when he was elected twice in 1977 from Bombay, despite not having money. “When people are ready to change, money is not a problem,” he said.
Kunwar Arora joins NCR with over 27 years of experience
NCR Corporation, today announced the appointment of Kunwar Kishore Arora as Country Head for NCR Services India. Kunwar will be based in Mumbai and responsible to lead NCR’s services strategy and expand its services foot-print across the country.
Kunwar joins NCR with over 27 years of experience working on challenging and diverse assignments with multi-national organisations in India, the USA and Africa. Prior to NCR, Kunwar worked with Bharti Airtel Ltd - the world’s fifth largest telecommunications company, and responsible to manage a wide portfolio including data centers, managed services and security driving significant revenue growth.
With the relaxation of Reserve Bank of India (RBI) norms, today, most banks in India are opting to outsource management of its ATM channel to specialist like NCR to help lower costs, increase availability, improves customer experience and offer better return-on-investments. According to the National Payment Corporation of India (NPCI), NCR manages over 20,000 ATMs for public and private sector banks in India –- the largest by any service provider in the country.
NCR offers a complete portfolio of services to help companies design, deploy, support and manage their technology solutions for higher availability at all times.
“By further strengthening our services team, NCR is investing and reinforcing its commitment to the India market that offers significant opportunity for growth.” said Jaivinder Gill, MD, NCR India. “Kunwar’s diverse experience and his proven ability to manage dynamic global organizations make him an excellent choice to lead the NCR India services team to accelerate NCR’s growth strategy and self-service leadership position.” added Mr. Gill.
“Consumers today are demanding banking solutions to be available how, when and where they choose. Thus it is extremely important for banks to ensure maximum availability of its ATM services. NCR provides benchmark standards of end-to-end management of the ATM network,” said Kunwar. “I am looking forward to leading NCR’s world-class services team in India and working closely with our customers and partners helping them to profitably grow their business.”
Kunwar holds a Bachelor’s degree from Punjab University and earned an MBA degree from the BK School of Business Management in Ahmedabad.