FM Asks Banks to Achieve the Target of Providing Banking and Financial Services to all Habitations of 2000 Population by 2011

Published on September 8, 2010 by INVC   ·   No Comments  Print This Post

INVC,,

Delhi,,

Union Finance Minister Shri Pranab Mukherjee has asked all the banks to over perform to achieve their targets so that by 2011, all habitations of 2000 population and above get the facility of a bank and related financial services. Earlier this target was fixed for March 2012. The Finance Minister said that he expected the banks to achieve this a year in advance through their better performance. Shri Mukherjee was addressing the august gathering of bankers, officials and customers on the occasion of 105th Foundation Day Celebrations of Bank of India in Delhi today. Shri Mukherjee said that what we are concerned today is that our growth has to be inclusive for our continued existence and prosperity. He added that our higher growth will have little meaning if our poor and excluded people do not have access to basic needs based on equitable, sustainable as well as just and fair share of this national prosperity. Financial inclusion will enable all of us to broaden our base by empowering the poor by assisting them to improve their standard of life.

He asked the banks to use latest technology as scalable financial inclusion cannot happen without stable and reliable information and communication technology and appropriate outreach of our banks.

Minister of State for Finance Shri Namo Narain Meena, Secretary Department of Financial Services Shri R. Gopalan, Chairman-cum-Managing Director, Bank of India Shri Alok Kumar Mishra also spoke on this occasion.

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