Comments
Karnataka Vikas Grameena Bank (KVGB), a Dharwad-headquartered regional rural bank, will be launching three all-women branches by the end of the current financial year, according to Ashok Reddy, Chairman of the bank.
Inaugurating the 560th branch of the bank at Hireharkuni village in Dharwad district on Friday, he said in an effort to empower women, the bank is set to open three more all-women branches in addition to the existing two.
Though men are allowed to carry out banking transactions in those branches, priority will be given to women. He said the bank encourages women to take up entrepreneurship and start ventures on their own by extending various loans through these branches.
Reddy said that the bank’s main focus is on improving the living standards of the people, especially villagers, in its area of operation. The bank will open 20 more branches before the end of the current financial year.
‘ATM-on-wheels’
Added to this, the bank is exploring the possibilities of introducing ‘ATM-on-wheels’ facility in un-banked areas under its jurisdiction. The ATM, which will be operated on a van, will be stationed in identified un-banked villages at specific timings of the day, Reddy said.
A press release by the bank said here that the ‘dial-for-account’ service of the bank is getting good response from the public. Now the bank is planning to introduce ‘dial-for-loan’ service, it added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.