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24Th Aug 2016
Reach
of rural people to banks is not very encouraging even 47 years after
nationalisation of a majority of the banks, President Pranab Mukherjee said
here on Tuesday. The Total Investment
& Insurance Solutions
While the RBI and the ministry concerned are
busy addressing the problem areas of non-performing assets and injudicious
advancing, the reach of rural people to banks is not very encouraging even
after nationalisation of almost 60% of banks done in July 1969, Mukherjee said
at a programme here.
Addressing
the first anniversary celebrations of the Bandhan Bank, the president said a
lot more remains to be done to meet the requirements of the unorganised sector
in the country, even as the banks remain ever vigilant as far as loan dispersal
and recovery are concerned. The Total
Investment & Insurance Solutions
Mukherjee lauded the role of micro-financing
institutions and said they have a special challenge and responsibility to
ensure equitable growth by addressing the financial needs of the vast
unorganised sector.The Total Investment
& Insurance Solutions
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