Money & Banking

Bank of Maharashtra goes to doorsteps of villagers

Our Bureau Mumbai | Updated on March 12, 2018 Published on December 26, 2011

Bank of Maharashtra has launched a financial inclusion service as an alternative model to the Business Correspondents format. Under this model, bank staff will visit villages and offer banking services at the homes of the villagers.

The bank has launched six of these Mahabank Gram Seva Kendras (MGSKs) in villages in Raigad, Thane, Ahmednagar, Aurangabad, Pune and Satara districts on a pilot basis, said a press release issued by the bank.

The MGSKs were inaugurated by the RBI Deputy Governor, Dr K.C. Chakrabarty, in Raigad district.

The bank's permanent staff member of the nearest parent branch, equipped with a laptop will go to these villages to render banking services on specified days every month.

Mr A.S. Bhattacharya, Chairman and Managing Director, Bank of Maharashtra, said the bank has covered all the 1,215 villages allotted to it and is in the process of stabilising services through the Business Correspondents and MGSKs.

Published on December 26, 2011
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