Set up 'Rural Bank of India': Gramin Bank Employees

Aurangabad, Maharashtra, Mar 5: All India Gramin Bank Employees Union today urged for setting up of a Rural Bank of India in order to remove the imbalance between the regional rural banks to face the globalisation.

Addressing the gathering of gramin bank employees from Jalna and Aurangabad at their seventh convention held here today, National General Secretary of the gramin bank employees R K Gautam asked the centre to accord top priority in setting up of an apex bank of the gramin banks at the National level in the form of Rural Bank of India.

Mr Gautam said that the gramin banks had been indulged in a real social service by offering finances to the poor and needy persons in the rural India.

According to him, the turnover of the gramin bank has seen an increase from Rs 10,000 crore to Rs 1.15 lakh crore since their inception.

The government should now stop running the gramin banks on an experimental basis and must set up a National Level 'Rural bank of India at the earliest', Mr Gautam said.

Bank of Maharashtra's Director P N Deshpande, Chairman of the Aurangabad-Jalna Gramin Bank Arvind Kshirsagar and its Director Prakash Kherde also spoke on the occasion.

UNI