More than 50% panchayats in Bihar don't have banks

............Out of 8,463 panchayats in Bihar, 5,298 are yet to be covered with banking service, Finance minister Bijendra Prasad Yadav pointed out in the meeting of the State-Level Bankers' Committee (SLBC) here on Wednesday. The banks have been tasked to proceed with setting up branches in panchayats and achieve the target in a time-bound manner, Yadav said. Expressing frustration over the lethargic pace of financial inclusion in Bihar, he said that the banks' performance will be reviewed at the next SLBC meeting to be held in the next quarter and the state government would withdraw its money from under-performing banks...........

Read | Business Standard