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Open more branches in rural areas: RBI tells banks

Last Updated: Friday, August 7, 2009 - 22:43

Shillong: Underscoring the need to improve
banking facilities in rural areas, RBI today asked the banks
to open more branches in the villages.

"There should be greater money supply to the hands of
the rural people so that they can avail the services in the
priority sectors," RBI deputy governor KC Chakraborty said
after a State Letel Bankers Committee meeting here.

Pointing to Meghalaya where the cash deposit ratio was
as low as 40 per cent, Meghalaya chief secretary Ranjan
Chatterjee said banks, particularly the private ones, are
reluctajt to open branches in rural areas of the state.

"During the meeting, we tried to dispel the notions of
the banks and work out a mechanism to provide banking
facilities to the people in the rural areas," Chatterjee said.

The chief secretary said Meghalaya government offered
accommodation to the banks and assured security in rural

Chatterjee informed that Punjab National Bank, State
Bank of India and UBI have said to open branch In rural areas
of Garo Hills and West Khasi Hill districts of the state.

Bureau Report

First Published: Friday, August 7, 2009 - 22:43
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