Standard Chartered Bank is planning to open 100 express banking centers during this fiscal. Recently bank has raised around Rs 2,490 crore through Indian Depository Receipts (IDRs).
Express banking centers are mainly the ATM sites having additional facility like an electronic cheque deposit box, transfer funds facility and self-service counter for other services.
According to a statement by StanChart, with these express centers, latest in banking technology, the customers will be able to easily access their banking requirements in a pleasing environment.
It added these centers will be set up in the areas close to customer’s homes and offices which will increase Standard Chartered's reach and this will also include a mobile version.
The first 27 express centers are already in operation and by end June, setting up of over 50 centers will be completed and made operational, it added.
It said the centers have been intentionally set up in areas which are near to places where customers mainly live and work thus making the bank more accessible and visible to its customers.