The Hindu Business Line : ‘Agri varsities, banks should work in tandem’

Mr V. Leeladhar, Deputy Governor of Reserve Bank of India, has said that if villagers, agricultural universities and the banks worked with a single focus, it would bring about overall development of villages and the entire country.

Inaugurating ‘Corp Grameen Vikas Kendra’ – the branchless banking initiative of Corporation Bank – at S. Nagenahalli village in Dodballapur taluk near Bangalore on Wednesday, he complimented the bank for taking the initiative in providing entire range of banking services at the doorsteps of the villagers without there being a need for them to visit the branch.

A bank release said here that as a part of financial inclusion project, the bank has surveyed nearly 1,200 villages and about a lakh no-frill savings accounts have been opened in these villages. The bank is striving to use technology to the benefit of people of remotest villages through smart cards and branchless banking model.

Mr B. Sambamurthy, Chairman and Managing Director of the bank, Mr K.P. Rao, General Manager of the bank, and Mr H.R. Khan, Executive Director of Reserve Bank of India, were present on the occasion.

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‘Agri varsities, banks should work in tandem’