ITANAGAR, March 26 � Reserve Bank of India (RBI) will open a branch here soon. Addressing the participants at the financial outreach camp held at Kimin in Papum Pare district in Arunachal Pradesh today, RBI Deputy Governor HR Khan said steps would be taken for establishment of RBI branch at Itanagar soon while a State Bank of India (SBI) branch would be opened at Kimin within six months.
This will be RBI�s fourth branch in North East after the proposed branches at Shillong and Agartala besides the existing one at Guwahati.
Khan also announced that Arunachal Pradesh Rural Bank would be brought under core banking umbrella soon.
Underlining the importance of widening banking facilities in all parts of the country, especially in North East to enhance the economy of the region, the RBI Deputy Governor informed that as part of its Platinum Jubilee celebration, RBI has conducted 21 outreach camps in different parts of North East including three in Arunachal Pradesh with an aim to sensitise public about various banking facilities and bring them under the fold of mainstream banking.
He cautioned the people against frequent online lottery prize announcements that dupe innocent people and advised people to report such cases to police. Khan further highlighted various innovative schemes launched by banks including National Electronic Fund Transfer (NEFT) and mobile banking which is likely to pick up in next two-three years in the area.
Speaking on the ombudsman role of RBI, BB Sangma, the Banking Ombudsman informed the people that it serves as a Banking Lokpal and looks into various complaints of customers relating to banking practices including pension matters, interest rates and shortage of coins, etc.
S Marandi, Regional Director, RBI, Guwahati, while welcoming the guests, informed that similar awareness camps in the Northeastern region are being organised to involve people from remote areas to banking practices and thereby to enhance their economic standard.