NEWS & ADVICE : FIXED DEPOSITS
Branchless banking to cover 6000 villages: Corporation Bank
By Neelima Shankar
May 20, 2011
Print    Email    RSS   

Public sector lender Corporation Bank has decided to expand its branchless banking facility to 6000 villages of the country in this fiscal.

Presently the bank has branchless banking operations in 1700 villages which it aims to take to 6000 in count this financial year.

According to CMD of the bank, Mr Ramnath Pradeep, the bank would be making direct connect with farmers.

"They would be serviced through Branch-less banking wherever there is no place available to set up a branch," the CMD said.

"The bank has adopted a unique model where the business correspondent is a permanent resident of the village and is available throughout the day for the villagers for the banking facility," Pradeep said.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Children’s Saving Account- teaching...
Sweep in to Auto Sweep savings A/c
The new avatar of savings account would...
Credit profile and its effect on loan...
Carnival of Indian Personal Finance Blogs #2


WHAT IS THE INTEREST RATE IN 1992-1993 ON F.D. AND...
my customer id is 38780072 tell me my fd amount
I have no any income source, my F.D. interest is...
how many years this company will be double ur money
if i deposit 4,00,000 in fixed deposit for 4 year...
how much intrest monthely 100000 rs

NEWS THIS WEEK
R.S. Sharma to join IndusInd Bank as additional director May 24, 2012
FinMin recommends for a better pay to Biz Correspondents May 23, 2012
FirstRand Bank to offer 7.25% on Savings Bank Account May 23, 2012
RBI to IIBM : train more an efficient workforce May 22, 2012
State Bank of Hyderabad gets new Chief General Manager May 18, 2012
News Archive