TODAY -
RBI Imphal Branch temporary office inaugurated
Source: Hueiyen News Service
Imphal, October 17 2015 :
Banks will be set up in 27 blocks in remote areas of the State, Chief Minister O Ibobi said on Saturday.
The Chief Minisiter informed this during the inaugural function of a temporary office of RBI Imphal Branch at Lilashing Khongnangkhong.
He said several blocks in remote hill areas have been facing hurdles due to lack of banking facilities.
The Government had earlier planned to distribute Old Age Pension money through personal bank accounts, but now handing over of the amount directly to the beneficiaries has also become an alternate way, thanks to lack of banks in several remote blocks, Ibobi said.
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Construction of bank buildings is underway and that some of them have been completed, Ibobi added.
Banks are necessary as almost all Government schemes are exchanged through them.
"All financial institutions in the State need to open their branches in far flung areas too.
My Government is focusing on establishment of banks in the remote areas," the Chief Minster said.
He said the Government has allotted land for construction of building for the RBI Imphal Branch at Mantripukhri and the temporary office has been arranged with the permission of the Speaker.
RBI Deputy Governor Harun R Khan was also present during the function.
He said RBI has taken up plan to set up its branches in all the North East States.
A new branch was recently established at the Meghalaya capital Shillong, he said.
RBI Executive Director D Dipali Pant Joshi, RBI North Eastern State Regional Director SS Barik, Manipur Chief Secretary O Nabakishore and RBI Manipur General Manager T Haojel also attended the event.
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