Money & Banking

Bihar village gets its first bank branch

Press Trust of India Samastipur | Updated on January 20, 2018 Published on February 24, 2016

With an aim to link the deprived area with banking network, Bihar Gramin Bank opened a branch at village Dharampur Bande in Samastipur district, Bihar, on Wednesday.

Dharampur Bande village, about 30 km from Samastipur town and having a population of 12,500, had no bank previously.

The Dharampur branch of Bihar Gramin Bank, a leading regional rural bank sponsored by UCO Bank, was inaugurated by the Chairman of the bank, Arvind Singh Shekhawat.

The bank came up following sustained efforts of Bihar Foundation (Mumbai Chapter).

“I am extremely thankful to Bihar Chief Minister Nitish Kumar and senior State officials for their valuable support in facilitating Bihar Foundation’s Mumbai Chapter to offer financial inclusion services of Bihar Gramin Bank in Village Dharampur Bande,” Capt Nalin Pandey, Joint Secretary, Bihar Foundation (Mumbai Chapter), said.

Bihar Gramin Bank’s Chairman, Arvind Singh Shekhawat, said, “There exists a huge gap between demand and supply in the financial-inclusion model, and the way to fill this gap is by imparting financial literacy to the people in rural parts of Bihar. Our bank will try and plug this gap.”

Bihar Gramin Bank has so far penetrated across nine districts of the State.

Published on February 24, 2016
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