Finance Ministry wants all banks to serve regions with more than 5000 population

Sushubh

Administrator
[OP]
Oct 29, 2004
418,298
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Gurugram
The Finance Ministry has asked all banks, including private sector lenders, to open branches in locations with population of more than 5,000 in the under-banked districts by September, 2012.

Banks to open branches in area with population 5,000 by 2012 - Readability

does not look like a compulsion though. :confused:
 

agantuk

Bhatakti Aatma
Regulars
Jun 13, 2009
6,387
10
As if they would. Not the private ones for sure, unless the area with 5000 people actually has 100 crorepatis in which case ICICI might already have a branch running there
 

manu1991

Ancient Philospher
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Dec 9, 2006
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Delhi
IIRC, SBI has a branch in Hyderabad with a min. balance requirement of 1 Cr.
 


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