Port Blair, Aug 19: In a significant development in the banking sector of the remote A&N Islands, the Reserve Bank of India (RBI) has granted license to A&N State Coop Bank to open three more bank branches at Kamorta, Chouldari and Dollygunj.
These branches are apart from the nine branches license for which was granted by the RBI in April this year. The nine branches to be opened across various places of A&N Islands include Long Island, Nimbutala, Kishori Nagar, Mahatma Gandhi Govt College Mayabunder, Junglighat, Burmanallah, Betapur, Chowra and Wandoor.
According to a Coop Bank release, all the 12 new branches will be opened shortly. With the opening of the 12 new branches, the total number of ANSCB branches will rise to 41. The ANSCB which has earned a good name for its public welfare schemes, has many firsts to its credit.
It was the first bank in the country to introduce door step delivery of pensions to the old aged, differently abled persons and widows, besides extending financial support to thousands of Self Help groups and their members. Its customer friendly policies have instilled immense customer confidence in the bank which has resulted in a spurt of new bank accounts being opened.
