quot;Technology vital for future bankingquot;

MUMBAI, JAN 10: The future of banking services would rest on technology and communication system, said K Kannan, CMD of Bank of Baroda. Technology would be akey input both for tearing up internal efficiency of banks and also for improving the quality of customer service. In the management of banking operations, technology would facilitate speedy processing of data and building up decision support system, he said here today while delivering the valedictory address on 8220;Banking in the new millennium8221; at the exhibition on 8220;Banking, Housing and Housing finance8221; organised by the South Indian Education Society SIES.

FIs like RBI, SBI, BoB, Corporaiton Bank, LIC, LIC Housing, GIC housing, Citibank, UTI, MTNL, participated in the exhibition. He said with the entry of overseas financial intermediaries into domestic financial markets, the operational risks would go up.