IS THE WORKSHOP ON 'DFS & IDEATION'; IS JUST TO GET ANY VALUABLE SUGGESTION; OR IS IT JUST A PREPARATION, FOR THE UPCOMING 'MERGER & ACQUISITION' !!!

"Is the workshop on 'DFS & IDEATION'; 
is just to get any valuable SUGGESTION; 
or is it just a PREPARATION, 
for the upcoming 'Merger & ACQUISITION ? 
Almost all the branches of 
any PSU Bank is facing the 
problem of 'Staff SHORTAGE'; 
but, one positive side is, that the 
middle management is having 
so many executives of younger AGE. 
PSU Banks are getting geared up 
to compete with private banks in 
any type of COMPETITION. 
The plus point for PSU Banks is 
that the rural customers still have 
faith on this INSTITUITION. 
In terms of CBS software, 
antivirus software and 
BSNL leased line 
connections, in respect to 
private banks, why 
the PSU Banks 
will still remain a NOVICE ? 
Like in Private Banks, whenever a 
new customer comes, you enter all his 
data, KYC documents in CBS to provide 
that customer a readykit i.e. Account 
number, passbook, ATM and IB kit within 
10 minutes, which is a 
speedy customer SERVICE. 
All PSU Banks must have a Loan App for 
Agriculture, Business & Housing (LAABH), 
where, all data, KYC information, I-T return 
files to be entered to get feedback within 
24 hours from Loan Verification Team with 
CRIF, CIBIL and other reports to 
give the green or red SIGNAL. 
If it is green signal, then the respective 
filled up loan documents will get generated 
from 'LAABH' app and 
those copies to be signed by 
borrower, guarantor and two 
bank officers with immediate effect as 
grabbing a big borrower is very VITAL. 
While opening 
any new savings account 
of any customer 
aged below 50 years, 
PMJJY and PMSBY to be 
made MANDATORY. 
At least 5 staffs in any branch, CASA 
readykits with instant digital products, 
speedy loan documentation and its sanction, 
NPA recovery by cash only, and compulsory 
insurance coverage will be the five pillars for 
any PSU Bank's success STORY."- Arindam Sain