NEWS & ADVICE : CREDIT CARDS
Satellite banks and ATMs in Jharkhand soon: RBI
By Ankit Sharma
Dec 16, 2010
Print    Email    RSS   

Reserve Bank of India is planning to set up satellite banks as well as ATMs in Jharkhand so as to make banking facilities reach out to villagers there. The idea was shared by RBI governor, D Subbarao.

He said that during the initial level, the satellite banks will be made operational on weekly basis and with time get converted to full fledged branches.

Report from state government officials read that out of the 4423 village panchayats in the state, 1540 were still in need for banking to reach out to them.

According to Chief Minister of the state, Arjun Munda, if it was not feasible to immediately set up branches in the deprived areas, the apex bank can set up satellite branches and ATMs using business correspondents.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Privileged banking: make the customer feel...
Effect of employment on loan eligibility...
Know if you are in CIBIL’s list of...
A chronicle of excesses by loan recovery...
Importance of reviewing your credit report


Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive