Central Bank of India Opened Ultra Small Branch Under Financial Inclusion
Hyderabad, Sept 13 (INN): Central Bank of India opened an Ultra Small Branch (USB) in Muduchintapalli (Lingapur) which is having 433 households with a population of 2075 under its Aliabad Branch under Ranga Reddy District to offer the banking services at the door step of the villagers. The Ultra Small Branch was inaugurated by Malay Mukherjee, Executive Director of Central Bank of India in the village.
Mukherjee issued smart cards to the villagers and the banking transactions started with Hand Held Devisor. Further the Bank has issued consent letters to various beneficiaries to the extent of Rs.1.50 Cr under Self Help Groups, Kisan Credit cards, SME etc.
The function was attended by the villagers from in and around 10 to 15 villages N K Balakrishnan, Field General Manager of Hyderabad Zone while speaking in the function informed the villagers that the Muduchinthapalli village will be adopted by the Bank for all round development of the Village. Periathambi, Regional Manager also spoke on this occasion. Smt. V. Padma Laxmi Reddy, Village Surpanch and Shri K Madhusudhan Reddy, Village Development Committee President appreciated the Bank’s initiative in establishment of USB in their village.
Earlier, Mukherjee inaugurated a spacious new premises of Bolaram in Hyderabad city. N K Balakrishnan, Field General Manager addressed the customers explaining various retail products of the Bank.
Mukherjee also evening addressed the staff members of twin-city branches of Hyderabad and Secunderabad in the town hall meeting held at Bhaskara Auditorium at Birla Science Museum.