Branching out online

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About 93 percent of the country’s bank branches are now offering real-time online banking services, observed the central bank in a quarterly review released Friday.
The State Bank, in its Payment Systems Quarterly Review for the 4th Quarter of FY12, said the status of 192 more bank branches was upgraded to Real-Time Online Branches (RTOB) during the reviewed quarter that ended on June 30 2012. Currently, the Review said, 9,291 bank’s branches or 92.8% are offering RTOB services out of a total of 10,017 bank branches across country.
The payment systems infrastructure in the country showed continuous upward growth trend as a total of 197 Automated Teller Machines (ATMs) were added during the 4th quarter raising the tally of ATMs in the country to 5,745, it added.