Archive · 6 Jun 2025
Jharkhand Banks Plan Expansion into Underserved Areas
Banks in Jharkhand are working to offer services in more places.
They are doing this because violence has gone down in some areas.
The RBI told them to help people in areas where there aren't many banks.
They plan to bring banking to around 17,000 places where not many people live.
They will set up places where people can do banking things.
There are already some banking spots, but they didn't get reported.
They're working on this now.
This means more people can do banking where they live.
Banks in Jharkhand are expanding their network.
The expansion aims to cover areas with populations under 5,000.
This initiative follows directions from the Reserve Bank of India (RBI).
Banks will provide banking facilities, including business correspondents.
Proactive steps are being taken to expand banking services.
- Who
- Financial institutions and banks in Jharkhand
- What
- Expanding banking networks to cover around 17,000 centers with populations under 5,000.
- When
- Following recent directions from the Reserve Bank of India.
- Where
- Jharkhand
- Why
- To expand banking services in areas previously untouched due to reduced left-wing extremism.
- Total Centers to Cover
- Around 17,000
- Population Limit
- Less than 5,000
- RBI's List of Locations
- 23,828
- Existing Branches/ATMs
- 3,414/3,348
- Banking Services
- 40 basic services