Wednesday 23 November 2011

Indian Bank announces 100% coverage in Pondycherry

  • Wednesday 23 November 2011
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  • Indian Bank, the SLBC Convenor Bank for Puducherry, has announced that the Union Territory became the first among all States / Union Territories in the country to have achieved 100 per cent banking coverage in all the villages including those having population of 2000 and less, under Financial Inclusion Programme.

    According to a press release, T M Bhasin, Chairman and Managing Director, Indian Bank informed that in the year 2005, National Pilot Project for Financial Inclusion was launched by the State Level Bankers’ Committee (SLBC) covering the entire Puducherry which paved the way and set the tone for the Financial Inclusion process in the country.

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