YES Bank Inks Pact With Buldana Urban Cooperative Credit Society (08-Feb-2012)
YES Bank has inked pact with Buldana Urban Cooperative Credit Society to enhance its priority sector lending. The bank will facilitate the society with its new customer service initiative entailing door-step para-banking services called Nano Teller.
Through Nano Teller, the credit society employee will be visiting the customer's house and will help them to make a deposit or allow withdrawal up to Rs 10,000 from their savings account. The cash handling will be done by the society's employee using a small swipe card machine and a cell phone.
The society based in Buldhana, Northern Maharashtra, has a business mix of over Rs 3,500 crore. Through its 230 branches it caters to the business needs of over one lakh customers, who are mainly located in the rural and semi-urban areas of the State.
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