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‘SBI’s digital platforms can handle high volume transactions’

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State bank of India, transactions, demonitisation, quamtum point of sale, arundhati bhattacharya, CBS

SBI

Chennai: The State Bank of India’s digital transaction platforms are geared to handle much higher transactions than the average level and post demonetisation the channel is seeing quantum jump in transactions, said a senior official. “There has been quantum jump in digital transactions post demonetisation and these are being handled seamlessly. Our digital transactions platforms are capable of handling transactions many more times than the average level,” a senior SBI official told IANS.
According to him, mass usage of digital channel is a good shift which, apart from customer delight available to them 24×7, also decongests branches. Speaking to the media in Coimbatore recently, SBI Chairperson Arundhati Bhattacharya said after demonetisation the bank’s Point of Sale (PoS) transactions have seen 200 per cent jump by value and 300 per cent volume wise increase, showing that digital transactions are on the rise.

After demonetisation, industry experts also told IANS that Indian banks’ core banking solution (CBS) may experience sudden transactional pressure-low value and high volume-from rural areas. Responding to that, the SBI official said the bank’s CBS is capable of handling many more times than the peak load.

“We are sufficiently geared up to handle increased volume. Proactive measures have been taken in this regard. Investment for ramping up hardware is made from time to time with ample cushion to handle increased traffic,” he said. According to the official, the SBI’s core banking database is one both for class and mass banking with different interface for Business Correspondents at the front end.

“Ultimately all the transactions pass through core banking centralised database, including Business Correspondents channel. We do not see any concerns in handling increased volume of small value cash transactions,” he said.
 

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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