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About 50,000 jobs are likely to be created, as public sector banks and rural regional banks get into expansion mode.
“Public sector banks will open 10,000 branches this year. Of these, 2,000 will be regional rural banks,” Finance Minister P. Chidambaram, said. Currently, state-run banks have a little over one lakh branches across the country.
“The banking system should be the strongest pillar of the direct benefits transfer (scheme). For every beneficiary, there should be a bank account,” he said, adding that 50,000 new banking jobs be created this year. Along with bank branches, nearly 100,000 other financial outlets would be created this year, including banking kiosks and ATMs to help achieve ‘financial inclusion through technology,’ he added.
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