Agartala: State Bank of India (SBI) will open eight more new branches and 63 new ATM counters and increase the Credit Deposit ratio to give more service to the customers in Tripura, official sources said on Saturday.
Chairman of SBI, Pratip Chowdhury yesterday met Tripura Chief Minister Manik Sarkar and assured that the CD ratio would be increased to 50 percent by the next fiscal and eight more new branches and 63 new ATM counters would be opened in the state.
At present the CD ration is about 34 percent.
Sarkar requested Chowdhury to open more new branches in the rural areas, especially in the tribal compact areas.
Chowdhury said the SBI would be interested to give more loans to the entrepreneurs for development of industries and added that low industrialisation in the state was one of the causes for low credit deposit ratio.
At present there are 51 branches of the bank and 108 ATM counters in Tripura.