Manipur Rural Bank opens branch at Khumbong
Source: The Sangai Express
Imphal, November 29 2018:
Manipur Rural Bank opened its branch at Khumbong Bazar today.
PN Praveenkumar (General Manager, NABARD, Imphal), Dr Prasanna Kumar Bal (Chairman, Manipur Rural Bank) and CM Samuel (Assistant General Manager RBI, RO Imphal) were the inaugural ceremony as the chief guest, president and guest of honour respectively.
Speaking at the function, PN Praveenkumar said that banking requires trust and relationship between two parties.
In Manipur, many business activities does not involve banking facilities and does not often have transaction records which hinders in smooth functioning of business.
He urged all the residents of Khumbong to utilize banking facilities for growth and development in the area.
Meanwhile, Dr Prasanna Kumar Bal said'Manipur Rural Bank is the first among other banks in Manipur to provide MUDRA finance.
In the period of three years, Manipur Rural Bank has 75% growth rate and has surpassed all others bank in Manipur, he claimed.
As of now Manipur Rural Bank has 24 branch out of which 16 are rural branch while the bank is planning to set up its branch in Jiribam ahd Senapati districts in the near future.
The bank will inaugurate another branch at Bishnupur district tomorrow.