TaxTMI 
TaxTMI 
Government Adopts Multi-Pronged Strategy to Extend Banking Facilities to Unserved Areas.
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....overnment Adopts Multi-Pronged Strategy to Extend Banking Facilities to Unserved Areas. <br>News and Press Release<br>Dated:- 13-3-2012<br><BR>Press Information Bureau Government of India Ministry o....
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....f Finance 13-March-2012 19:01 IST Government Adopts Multi-Pronged Strategy to Extend Banking Facilities to Unserved Areas The Government has adopted a multi-pronged strategy to extend banking facil....
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....ities to hitherto unserved areas. Reserve Bank of India (RBI) in their Branch Authorization Policy for opening of Branches in unbanked rural centres, has advised all Scheduled Commercial Banks (SCBs) ....
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....that while preparing their Annual Branch Expansion Plan, they should allocate at least 25 per cent of the total number of branches proposed to be opened during a year in unbanked Rural (Tier 5 and Tie....
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....r 6) centres. Further, based on the announcement in budget 2010-11, over 73.000 villages having population above 2000, have been identified for extending banking services by March, 2012. These habitat....
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....ions were allocated to Public Sector Banks, Regional Rural Banks, Private Sector Banks and Cooperative Banks for extending banking services by March, 2012. By January, 2012, over 62,000 villages have ....
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....been covered by bank branches or business correspondents. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today. ....
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.... DSM/Hb<BR> News - Press release - PIB....