India 's Guntur District Cooperative Central Bank is launching a mobile banking app for farmers . The Guntur Bank will let farmers carry out transactions from their smartphones . Only 28 of the district co - operative central banks ( DCCBs ) across the country have received mobile banking licences from the Reserve Bank of India , according to Ravi Shankar , managing director of Andhra Pradesh Co - operative Bank . Of the eight DCCBs in the state of Andhra Pradesh who received them , Guntur is one of four to have launched the facility .
India's Guntur District Cooperative Central Bank is launching a mobile banking app for farmers. The Guntur Bank will let farmers carry out transactions from their smartphones. Only 28 of 375 district co-operative central banks (DCCBs) across the country have received mobile banking licences from the Reserve Bank of India, according to Bhavani Shankar, managing director of Andhra Pradesh Co-operative Bank. Of the eight DCCBs in the state of Andhra Pradesh who received them, Guntur is one of four to have launched the facility.