Hello Dwarakanath P,
please check if the functionality 'Bank Statement Processing' is available to you:
http://help.sap.com/saphelp_sbo900/helpdata/en/d8/28899b86d24d73a9f42d2944235f47/content.htm
The functionality allows the import of bank statements in electronic form followed by reconciliation.
There is plenty of material about the feature available in the partneredge.
All the best,
Kerstin