by: NavJeevan

City Union Bank sets up Digital Banking Unit at Khammam district in Telangana

R ARIVANANTHAM
CHENNAI, OCT 19

As part of the Union Government’s mission of setting up 75 Digital Banking Units (DBUs) on the occasion of 75 years of Independence, Prime Minister Narendra Modi has launched the DBUs virtually on 16th October 2022.  The 118-year old tech-savvy City Union Bank (CUB) was part of this initiative and opened its DBU at Khammam District in Telangana.

G Sankaran, General Manager – Information Technology, along with the Regional Development Manager Panduranga Naresh were present during the launch.

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These DBUs will handle Self Service Digital Banking with all banking functions like Cash Deposit, Cash Withdrawal, Account Opening, Cheque Deposit, Passbook Printing and transacting Digital payments like RTGS, NEFT, UPI including All Net & Mobile banking transactions.

This initiative will reach to the people of their designated districts as part of the Financial Inclusion, said the Finance Ministry.