TMB celebrates 100 years; FM Nirmala Seetharaman bats for digitisation in banking sector

Digitisation will result in a rapid growth and use of greater technology would enhance ease of doing business for the banks and its customers across the country, she says

Digitisation in the banking sector would result in a rapid growth and use of greater technology would enhance ease of doing business for the banks and its customers across the country, Union Finance and Corporate Affairs Minister Nirmala Seetharaman said here on Sunday. Speaking at the inauguration of the centenary year celebrations of Tamilnad Mercantile Bank Limited (TMB) here, she said that digitisation could not be avoided and private banks such as the TMB, which had a rich tradition, should adapt to the next generation technology. Gone were the days when people asked for opening of new bank branches. With digitisation, the entire business could be done irrespective of the geographic location, she said.