Monday, November 19, 2012

State govt sore with SBI, other banks; complains to RBI

BHOPAL: Commissioner Institutional finance Ashok Shah, in a letter to RBI Deputy Governor Dr K.C.Chakrabarty has complained that the State Bank of India ( SBI) and its associates and some of the Regional Rural Banks were not doing what was expected of them. He also referred to the decisions taken in the last state- level Bankers’ committee (SLBC) meeting. Shah said, ” Dr Chakrabarty had expressed a deep concern over lack of network of bank branches in villages. RBI has relaxed licensing rules for opening bank branches in rural areas.........

Read - FPJ

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