200 new branches open in rural areas of Assam: RBI Governor.

RBI Governor D SubbaraoGuwahati: Commercial banks have agreed to open 200 new branches in rural areas of the state during the next fiscal, RBI Governor D Subbarao.

Subbarao said that 2,300 villages having a population of more than 2,000 inhabitants in the state have been integrated in the banking sector under the programme.

Subbarao said that “But that access has largely been through appointment of banking correspondents. Assam Chief Minister Tarun Gogoi has requested that the number of brick and mortar branches must be significantly increased.”

“They (state government) have calculated that to take Assam to the national average… they need another 600-odd branch. All the commercial banks have collectively agreed to open 200 new branches in rural areas of Assam in 2013-14.”

There are presently 1,700 bank branches across the state. The RBI chief also said that the apex bank would strengthen its public outreach programmes in the state and the North Eastern region.

Leave a comment