ATM Kiosks to Have Electronic Surveillance System

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Thiruvananthapuram:  Electronic surveillance will be in place at ATM kiosks in the next six months in order to further enhance security system, State Bank Group Chairman Arundhati Bhattacharya said today.

"We are looking at new initiatives to improve ATM security and already started working out an electronic security surveillance system," Mr Bhattacharya told reporters after attending State Bank of Travancore's CSR function.

Stating that number of vendors had already made presentation, she said, "We would be able to put in place this in next six months."

Basically, it was to ensure security inside and outside ATM kiosks with a flip signal by which one could remotely either lock the centre or switch off ATM, she said.

Ultimately, it was also not economically viable to have human security in all ATM's, she added.

Asked about State Banks' approach to the proposal for setting up National Asset Management Company to take over bad assets of banks for effective recovery and rehabilitation, she said there was no reason for the group to oppose it.

"It is only a proposal, actually if it happens, we have no reasons to oppose it," Mr Bhattacharya said.

A lot of things have to be looked into, she said, adding, it requires funding and also management support.

Replying to a question on Employees Stock Option, she said a proposal in this regard was already before the government and it was for them to take a decision on that.

Welcoming the suggestion for ESP, she said it would connect the employee more with the organisation in which one work and motivate the staff to work more.

Mr Bhattacharya said the State Bank group will spend two per cent of the profit on CSR activities.

Earlier speaking at the function, she said effort should be made in the country to raise awareness about financial literacy among the people so that they can manage their finance appropriately.

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