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Sunday, February 16, 2014

ATM For Every Bank Branch From March 2014

ATM For Every Bank Branch From March 2014

DESCRIBING UPA-II Government's focus on inclusive growth in the banking sector as a mission. Union Minister of State for Finance. Namo Narayan Meena on Saturday said every old hank branch should have ATM facility by theendof current fiscal. Every new bank was now providing ATM facility while opening its branches despite some problem in availability of these machines, Meena said after inaugurating the regional office of Dena Bank here.
Not only on site, but also off site the ATM should be opened at the busy places like colleges, universities, malls, and markets so that people could be connected with banking facilities. Meena said.
Comparing telephony density with banking, the Minister said: "While there are about 90 crore cellular phone users now, 50 per cent of people in the country do not have bank accounts. But ....Payment of every penny from the Government is being made through banks to beneficiaries." Financial empowerment, infrastructure development and expansion of banking sector would enable control poverty and knit India, he said adding there were 8.500 branches in 1969 when former Prime Minister Indira Gandhi had nationalized (he banks. The number of branches in ihe country had now gone up to one lakh, he said.
As per UPA-II plans, one out of nine Manila Bank branches would be opened in Jaipur by March 31, 2014. and if the State Government provided a building. Manila Bank could be opened even in iwo days. Meena added.
UPA-II's policy was "Gaon ko joriye. gaon mein bank kholiye (knit village, open banks in village), he said.
Speaking on [he occasion. Dena Bank CMD. Ashwani Kumar said ten new branches would be opened in Rajasthan during 2013-14 and 15 in the next fiscal including 25 per cent in rural areas.
Dena Bank in Rajasthan made a business growth of 20 per cent so far wiih a business of Rs 2.400 crore in current financial year and aims to reach Rs 3.300 crore in next fiscal. Kumar said he would hold meetings with management to raise this business to Rs 5.000 crore in Ihe coming vears in Ihe State.

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