Thursday, October 19, 2000
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Bank of India launches pilot project to network branches 

Leena Baliga  
Mumbai, Oct 18: The Bank of India (BoI), has embarked on an exercise to network its branches to bring its automated teller machines (ATMs) on-line and in order to offer Internet-banking services.

To start with, BoI will link three of its branches in Hyderabad. These branches will, at a later date, in-turn get connected to 17 branches in the same city as well as to the bank's main branch in Mumbai. Said a senior BoI official: "We are trying to network all our branches. This network will try to make possible `any-branch banking' and `anywhere banking', and will help us offer inter-city and intra-city transactions. Banks today do not address customers at the branch level, but at the bank level". BoI will, in due course, replicate inter-connectivity across all its 2,500 branches. Only a minimal amount has been invested thus far by BoI.

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