Mangalore: DK Banking sector review : Rural branches gain upper hand

Mangalore: DK Banking sector review : Rural branches gain upper hand

Mangalore Today News Network

 Mangalore, jan17,2013: There has been a total banking  business of Rs 34,219.63 crore  including Rs 22,992.67 crore deposits and Rs 11,226.96 crore advances during the second quarter  ending on September 2012, informed JS Shenoy,  Deputy General Manager of Syndicate Bank which is also the lead bank.

He was speaking at the review of the performance of banking sector in the district at a meeting held at ZP auditorium on January 17, Thursday. Shenoy further said that the  rural branches of banks have registered a 30 per cent progress compared to  branches in urban and semi-urban areas. The urban branches have registered 20 per cent progress, he informed.

Amarnath Hegde, Lead Bank Manager, who also spoke, said  it has been targeted to   provide banking services  in 38 villages having a population ranging from 1600 -2000 by March 31,2013,  to an equal number of villages having population between 1000 and 1599  by March 31,2014 and  another 16 villages having population of less than 1000  by March 31,2015.

Zilla Panchayat Chief Executive Officer Dr KN Vijayaprakash presided over the function. Seetamma Project Director and others were present.