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Patna,(BiharTimes): Deputy chief minister Sushil Kumar Modi said that banks in Bihar would have to open two crore new accounts for which more branches would have to be opened. The total population of Bihar is 10 crore.
Taking part in a seminar on “Bihar: Banking on Inclusion” he said at present, there were 4,882 bank branches in Bihar, including 2,750 in rural areas.
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According to him the banks proposed to set up 14,000 outlets, including banking correspondents in the state next year.
Modi, who is also state’s Finance Minister said, the state government proposed to distribute pension and scholarships to beneficiaries, including students of SC/ST and EBC categories, through banks as availability of funds should not be a problem for the banking institutions.
He suggested that banks should also consider providing mobile banking and setting up more ATMs under the multi-channel delivery model.He urged banks not to bother about loss of their loans as the repayment rate by borrowers has improved and the loans were safe.
Modi said that the state government has decided to distribute special E-Shakti identity cards online to all citizens above 18 years age at a cost of Rs 631 crore.
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