NEWS & ADVICE : FIXED DEPOSITS
Assam Gramin Bank plans to increase its business growth; expand its network
By Neelima Shankar
Jan 14, 2013
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The biggest regional rural bank of north-east, Assam Gramin Vikash Bank, is planning to grow its business size as well as its branch network. It has aimed to achieve a double digit growth in its deposits segment and to add new branches the coming fiscal year.

On the matter, the Chairman of the bank Mr. Shio Shankar Singh said, "Between December 2011 and December 2012, our deposits have increased to Rs 4,982 crore from Rs 4,475 crore, registering a rise of 11.3 per cent. Going ahead, in 2013-14, we are aiming to raise our deposits by 18 per cent."

He added that to increase its branch network, the bank was working in tandem with the central government, Assam government and the United Bank of India. It has planned to increase its branches by 10 percent annually.  Explaining this Singh said, "We have 370 branches across the state and another 10 will be operationalised by March end. In the next financial year, we look to increase the total number by another 10 per cent."

On the facilities provided by the bank to its customers, he further said, "All AGVB customers will be able to avail the services of UBI ATMs from March this year and in June, we will roll out our own ATM service."


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