EDB gets Rs1.6 cr NABARD assistance
GK NEWS NETWORK
Srinagar, Nov 24: National Bank for Agriculture and Rural Development (NABARD) today presented a cheque of Rs 1.64 crore to Ellaquai Dehati Bank as financial assistance for orienting its branches to Core Banking platform.
The cheque was presented by D D Gupta, Assistant General Manager NABARD to A K Razdan, Chiarman E D Bank in presence of Board of Directors of the Bank which include Mustaq Sidiqi, Special Secretary Finance, J&K Government, P K Abrol, Regional Manager, Region III, State Bank of India, Baldev Raj, AGM Reserve Bank of India and Abdul Majid Shah, Advocate, Govt of India nominee, at a simple but impressive function held at the head office of E D Bank .
While presenting the cheque, Gupta said NABARD is all out to help Rural Banks in implementing the modern technology for day to day operations so that the people living in far flung areas can get all the facilities of an urban modern commercial bank at their door steps.
He appreciated the role played by Ellaquai Dehati Bank in providing banking facilities to the rural people at an affordable cost.
Speaking at the occasion Razdan said: “Our Bank has a target to cover all the 35 unbanked allotted villages under financial inclusion.”
He said the Bank has recently opened five more branches in its area of operation so as to cover the un-banked villages.
He thanked NABARD for providing financial assistance for putting the bank on core banking platform and expressed his confidence in providing all the financial services to its rural clientele at their doorsteps.
Lastupdate on : Thu, 24 Nov 2011 21:30:00 Makkah time
Lastupdate on : Thu, 24 Nov 2011 18:30:00 GMT
Lastupdate on : Fri, 25 Nov 2011 00:00:00 IST
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