Fi­nan­cial In­clu­sion

Banking Frontiers - - Cover Story -

Un­der PMSBY, Chat­tis­garh Ra­jya Gramin Bank is the best in the state with more than 11.5 lakh en­rol­ment and 96% re­newal per­sis­tency. As many as 450 claims for `9 crore have al­ready been paid un­der PMSBY. Un­der MU­DRA loans to the weaker sec­tions, the bank did more than 119% (`297 crore against tar­geted `250 crore) for FY2018. From a mea­gre 1.67 lakh in De­cem­ber 2015, Aad­har base has peaked to 42 lakh as of now. This covers about 95% of ac­tive sav­ings bank ac­counts, high­est amongst SCBs in the state.

Claims Gupta: “We are pur­su­ing fi­nan­cial in­clu­sion ini­tia­tives as a great busi­ness op­por­tu­nity. This can be seen by in­ces­sant flow of de­posits in PMJDY, DBT, MU­DRA loan growth, so­cial se­cu­rity to the farm­ers and poor rural peo­ple earn­ing tremen­dous good­will for the bank.”

The bank has been awarded the Best RRB in the in­dus­try for its pi­o­neer­ing work by in­dus­try cham­bers, SKOCH, NPCI and oth­ers. All IT and dig­i­tal ini­tia­tives have re­sulted in im­prove­ment in its cus­tomer base.

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