NEWS & ADVICE : PERSONAL LOAN
SBI brings mobile banking to rural areas of North East
By Vaibhav Aggarwal
Nov 29, 2011
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The largest lender of the country, State Bank of India has initiated the concept of mobile banking to reach out to people of Meghalaya.

The Shillong branch of the bank has started 'Bank on Wheels' to reach to the doorstep of villagers in the nearby rural areas. The vehicle was handed over to the Meghalaya Rural Development Society by SBI Managing Director A Krishna Kumar.

"A total number of 662 unbanked villages were allotted to SBI to be covered with March 31 next year and already 496 villages were covered," Kumar said.

A a certificate from the headman along with photographs of villagers would be the only requirement to open bank accounts, said Kumar.


 


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