Press Release-LAUNCH OF BHARAT QR AND BHARAT BILL PAYMENT SYSTEM
Canara Bank is always poised for Digital Revolution and offers scores of Digital Payment Products / Platforms to enhance customer convenience using digital channels by reducing cash transactions. Department of Financial Services, ministry of Finance, Government of India have propagating achieving of 25 billion Digital Transactions by 31.03.2018 and have allocated targets to all the Banks.
In line with the call given by the Government of India to improve Digital Transactions, today i.e, on 10.08.2017, our MD&CEO Shri. Rakesh Sharma has launched the following two new digital products in the presence of Smt. P.V. Bharathi, Executive Director, to pave way for increased channels / platforms towards this objective:
1. BHARAT QR - opening new platform for payment settlement at Merchant Locations; and
2. BHARAT BILL PAYMENT SYSTEM(BBPS) - an integrated bill payment system for Net Banking Customers
It is a mobile app wherein Merchant can accept payments as settlement for sale of goods/services. Merchants enrolled by our Bank will be allotted with Quick Response (QR) code in tune with Bharat QR Code standards. The solution is interoperable and customer of any Bank can make the payment using Mobile Banking Facility of their respective Bank. Our Bank has enabled the facility in Mobile Banking for payment using BHARAT QR. The solution rides on VISA / MasterCard/RuPay Cards issued to customers wherein card holders need not divulge card information to Merchant. It is safe, secure and reliable. Further, the facility is confined to domestic cards. BHARAT QR supplements/replaces Point of Sale Machines.
BHARAT BILL PAYMENT SYSTEM (BBPS):
It is an integrated Bill Payment system initiated by Reserve Bank of India and managed by National Payments Corporation of India. It offers interoperable and accessible bill payment services to Net Banking customers integrating network of agents. Presently we have enabled 144 Billers covering Telephone, Electricity, Water, Gas Supply, DTH, Mobile Networks and number of billers growing daily. Sooner all Billers will be enabled through BBPS. The solution is very cost effective, convenient, safe, secure and well regulated. Presently our Bank is allowing at zero cost to customers paying the bills. A robust Dispute Management / Grievance Redressal Mechanism is also embedded within the solution for customers.
Launch of its first Digital Banking Branch “CANDI”
Canara Bank, has announced launch of its first Digital Banking Branch “CANDI” to provide an end to end digital experience to the Gen-Next customers.
15TH ANNUAL GENERAL MEETING on 20th July 2017 at JNANA JYOTHI AUDITORIUM, BENGALURU
The 15th Annual General Meeting of the Bank was held on 20th of July 2017 at Jnana Jyothi Auditorium. Bengaluru. The Meeting was presided over by Bank’s Chairman, Padmashri T N Manoharan in the presence of Bank’s MD&CEO, Sri Rakesh Sharma, Executive Director Smt P V Bharathi, and Shareholder Directors. More than 500 Shareholders attended the Meeting.
Canara Bank bags Award of Excellence from the Ministry of Rural Development
Canara Bank was awarded Certificate of Excellence at the National RSETI Diwas held on 7the June 2017 at Vigyan Bhavan, New Delhi for the exemplary leadership in promoting RSETIs ( Rural Self Employment Training Institute’s) for the year 2014-15 & 2015-16. Also, Canara Bank co-sponsored RUDSETI has also been awarded Certificate of Excellence in their respective category for both 2014-15 and 2015-16. In addition, the following awards have been bagged by Canara Bank RSETIs and Canara Bank sponsored Training Institutes in their respective categories:
- Canara Bank RSETI, Davanagere has been adjudged the best RSETI for 2015-16.
- Canara Bank Co-sponsored CB Deshpande RSETI, Haliyal has been adjudged the best RSETI for 2014-15.
- RUDSET Vijayapura and RUDSET Ananthapur have bagged the best Training institutes for 2014-15 & 2015-16 respectively.
The glittering function was graced by Hon’ble Ministers Sri Narendra Singh Tomar, Sri Ram Kripal Yadav, Sri Santosh Kumar Gangwar. Dr. D.Veerendra Heggade was the Guest of Honour. Top executives of various other Banks were also present.
Shri Rakesh Sharma, MD & CEO, Canara Bank & Shri Ravindra Bhandary, General Manager, Canara Bank, HO received the Awards from Shri Santosh Kumar Gangwar Hon’ble Minister of State for Finance & Shri Ram Kripal Yadav Hon’ble Minister of State for Rural Development.