Demonetisation: ICICI bank sets up mobile branches to reach out to unbanked villages

The deployment of the mobile branches by ICICI is yet another step by the bank to expand its reach to villages which are devoid of banking facilities.

PTI November 27, 2016 16:18:24 IST
Demonetisation:  ICICI bank sets up mobile branches to reach out to unbanked villages

New Delhi: To reach out to unbanked villages, private lender ICICI Bank has deployed mobile branches in Maharashtra, Chhattisgarh and Odisha to help customers meet their daily financial needs conveniently, post demonetisation.

Demonetisation  ICICI bank sets up mobile branches to reach out to unbanked villages

Reuters.

"The deployment of the mobile branches is yet another step by the bank to expand its reach to villages which are devoid of banking facilities.

The mobile branches are catering to over 25,000 rural customers, helping them meet their daily financial needs in a convenient manner," ICICI Bank MD and CEO Chanda Kochhar said. "This initiative is in line with the bank's commitment to extending banking services to the remote locations of the country."

Taking the nation by surprise, Prime Minister Narendra Modi on 8 November announced the demonetisation of Rs 1,000 and Rs 500 notes, making these notes invalid in a major assault on black money, fake currency and corruption.

Since 9 November, ICICI Bank has deployed mobile branches across 21 villages in Maharashtra, Chhattisgarh and Odisha. Over 90 per cent of the villages are unbanked. These mobile branches offer a wide range of banking products and services such as savings accounts, loans, cash deposit/withdrawal, account balance enquiries, statement printing and fund transfer, among others.

Updated Date:

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply

also read

OPSC Medical Officer Recruitment 2021: Applications for 2,542 posts to begin on 26 Feb; check opsc.gov.in
India

OPSC Medical Officer Recruitment 2021: Applications for 2,542 posts to begin on 26 Feb; check opsc.gov.in

The recruitment drive is being conducted to fill 2,542 vacancies. Of these, 1,042 vacancies are for the ST category, 653 vacancies are for SC categories, 633 for unreserved and 124 for SEBC

Maharashtra Budget session to be held from 1 to 10 March; Budget to be tabled on 8 March
Business

Maharashtra Budget session to be held from 1 to 10 March; Budget to be tabled on 8 March

While the BJP alleged that Uddhav govt was trying to cut the session short on the pretext of COVID-19, Shiv Sena's Anil Parab claimed it was the Opposition that wanted one-day session

'No truth', says Maharashtra govt on cops making women strip and dance in Jalgaon hostel
India

'No truth', says Maharashtra govt on cops making women strip and dance in Jalgaon hostel

Speaking in the Maharashtra Legislative Assembly, state Home Minister Anil Deshmukh said a team of senior women police officers had visited the hostel for an inquiry into the alleged incident