“Bank branches are important for many reasons. People complain
that they cannot open their bank account. If there is no bank branch say within
10 kilometres,
how do you open a bank account,” Chidambaram said while inaugurating 300 new
branches in Uttar Pradesh.
“Without a bank branch how do you reach to the people to mobilise
their savings. I am very happy that now there is a rising demand to open a bank
branch in our towns and villages.I am sure that the bankers will respond to it,” he added.
On an average, about 6,000 branches were opened every year in the
last 2-3 years, Chidambaram said.
12,000 Braches Need In
2013-2014
“I am sure that in 2013-14, all our banks will open a large
number of branches. In Uttar Pradesh alone, there is a plan to open another
2,700 branches. If you can do it in UP, you would be able to do at least 10,000
to 12,000 branches all over the country. I want all the bankers to put their
best efforts to achieve the target,” he said.Chidambaram said that Uttar Pradesh was an important State.
UP’s development
“In many ways, UP’s development and progress would determine India’s
development and progress,” he said.Chidambaram said that there would always be some national average
and some States would be below it and some above it.
“...It is the rise of the average that will make India a strong
country,” he said.
The Union Minister said that the Central Government pays special
attention to States that are below the average.
“Which is why I said in my Budget speech that the parameters for
deciding backwardness must change,” he said.
He said that the Central Government does not discriminate among
States.
“We want all of India
to grow and especially we want poor states and under-privileged to grow because
while they grow, the whole of India
grows,” he said.
He expressed confidence that by March 2014, every branch
would have an ATM.Detailed Report Here
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