The Central Bank of India has launched a new service of funds transfer called CentFast2India, to enable for the remitters in the United States to transfer funds easily to beneficiaries in India through internet banking.
Chairman and MD of Central Bank, S Sridhar said, “This facility offers a hassle-free funds transfer by remitters in the United States to beneficiaries in India through Internet banking. It gives freedom to the remitter in the United States to remit money at his convenience from any bank account anywhere in the US to any account in India”.
In the beginning the maximum limit of transfer of funds is $5000.
Sridhar said this year bank will be focusing more on retail banking business.
He added, “Our focus was on the corporate sector last fiscal. This year we will focus on retail. We expect to increase our retail growth to 25 per cent in FY’11 from 20 per cent last fiscal”.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment