The Reserve Bank of India (RBI) has given approval to state owned lender UCO Bank to open 82 new branches across the country by the end of this financial year. At a customer’s meet Chairman and Managing Director SK Goel said, “These branches will be in addition to the 2,078 branches which UCO Bank has at present”. The bank has also drafted a plan for the renovation of its 400 branches.
Goel stated, “We are going for a makeover of our branches in rural areas. The bank aims to offer an ambience which will make our rural customers feel at home”.
He also resolved financial inclusion in Himachal Pradesh and Orissa, in these states bank has the lead responsibility. Goel told bank has achieved 100 per cent financial inclusion in Himachal Pradesh.
He said the RBI had set up an independent agency to check the genuineness of the claims made by UCO regarding financial inclusion in Himachal Pradesh.
While in Orissa, Goel informed in 13 districts of the state bank has achieved 100 per cent financial inclusion.
He added, “We are aiming to make Orissa the second state in the country to achieve 100 per cent financial inclusion and we want this to happen as soon as possible.”
As per agency’s reports, in Himachal Pradesh has achieved 99.4% financial inclusion and the people left out in the state are the migrants who had come to the state for a short duration, he said.