question_answer

As we have noticed, banks these days are giving more emphasis on 'Branchless Banking.' What does this really mean?

I. What does this really mean? Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified" core business.

II. Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking, etc, so that people are not required to visit a branch for their usual banking needs.

III. This means banks will issue only debit or credit cards for all types of day-to- day financial transactions. Cheques/ cash payments will not be allowed. Select the correct answer using the codes given below:

A)  Only I                         

B)  Only II

C)  I and II                        

D)  II and III

E)  All of these