Public sector banks : Commonly public sector banks are controlled by Governments. That public sector banks are majority used by normal or middle class peoples. these banks are very helpful for rural area peoples in many countries. but many technologies are going outdated and not working conditions in banks and some process take manual work process. So peoples are not efficiently done our own jobs.
Public sector banks in India
- State bank of India
- Canara Bank
- Indian Bank
- Union bank of India
- Indian Overseas Bank and more
All banks are working under the Indian government and Reserve bank of India
Technology Improvements
1. Increase Rural ATM`S
By increasing the availability of ATM machines is very helpful for withdrawing money from any time in rural areas
2. Cash deposit machines
In rural area, many people goes for daily wages and save money in home or some other places. but that type of saving is not safe at any point of time. enablement of KISHOK machine to improving saving capacity in rural area peoples.
3. Micro Branches
In micro branches in banking sector, it increasing an banking power behind the people. In large branches have huge crowds are surrounded. some percentage of people unable to access the banking facilities.
These facilities are lagging in banking sector in rural areas. These issues are fixed, many people have get advantage in banking.