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.
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