Indian cooperative banks allowed to roll out Internet banking services

Indian cooperative banks allowed to roll out Internet banking services

The non-transactional services include balance enquiry, balance viewing, account statement download, request for supply of cheque books, etc., RBI said. Photo: Mint

The Reserve Bank of India (RBI) on Thursday allowed all cooperative banks to offer Internet banking services to their customers.

In a notification on its website, the central bank said any urban cooperative bank (UCB), state cooperative bank (StCB) and district central cooperative bank (DCCB) that has implemented the core banking solution in full will be allowed to provide non-transactional services to their customers.

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