Financial inclusion to be Syndicate Bank's priority

Udupi: Chairman and Managing Director of Syndicate Bank Basant Seth inaugurated the Financial Inclusion Resource Centre at the founder's branch premises of the bank, here on Saturday. The Financial Inclusion Resource Centre gives the public all the necessary information about the importance of financial inclusion. It tells them why they should open bank accounts, various types of banks accounts, loan provisions and details of other banking services. The resource centre is like a museum. All the information is available in a pictorial format in three rooms of the centre. It is manned by a counsellor, who will answer any question people might have about the banking services. He said that financial inclusion was of utmost importance. The Centre and the Reserve Bank of India (RBI) were giving priority to financial inclusion. “We would like children to visit this place so that competitions could later be held on the topics depicted here,” he said. Executive Director of Syndicate Bank Ravi Chatterjee said that besides the Centre, a van would be pressed into service to propagate the importance of financial inclusion in villages. The bank would open two more Financial Inclusion Resource Centre at Kumta in Uttara Kannada and Mangalore. The Financial Inclusion Resource Centre in Mangalore would be opened by the end of this month, he said. A.S. Rao, Regional Director of RBI, Hyderabad and D.T. Pai, former Chairman and Managing Director of Syndicate Bank, were present.