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300 new bank branches to open Friday in UP
Thursday March 28, 2013 06:44:57 PM,
IANS
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Lucknow: Efforts of
the Uttar Pradesh government to increase the ratio of banks to
population in the state are set to get a major boost Friday as
union Finance Minister P. Chidambaram comes here to inaugurate 300
new bank branches.
The new bank branches, to be inaugurated in the presence of Chief
Minister Akhilesh Yadav, come up after months of lobbying by the
state government with the Reserve Bank of India (RBI) that the
state needed at least 3,000 new branches to come at par with the
all India ratio of banks per population.
As soon as unanimity on the need to expand the banking base was
arrived at between the two sides, a detailed timeline for the
opening up of the new branches was charted out.
Under the timeline, 300 new bank branches would be opened in
March, 450 in June, 600 in September, 750 in December and 900 in
March 2014.
Over 70 percent of these branches would be coming up in the
countryside, a state government spokesman told IANS.
"Care has been taken that these new bank branches come up in
development blocks with a predominant minority population and
villages with at least 2,000 population," he said.
The state government had asked district magistrates to offer space
in panchayat bhawans and take the necessary help from the
panchayati raj department and advice from the institutional
finance department.
Broadband connectivity to these new branches in far-flung areas
has been offered by the BSNL. The security of these bank branches
is also being ensured.
The participating banks include public sector Allahabad Bank, Bank
of India, Syndicate Bank, Union Bank of India, Canara Bank, and
private sector HDFC, Indusind Bank, Shreyas Grameen Bank and
others.
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