Tarun Gogoi demands 700 more Bank Branches in Assam

Assam Chief Minister Tarun Gogoi has sought opening of around 700 additional bank branches in the state with a view to catering the growing demand for disbursement of subsidies and other cash transfers.

According to a senior govt government official, Tarun Gogoi has raised the matter with Reserve Bank of India Governor D Subbarao during the State Level Bankers Committee (SLBC) meeting held in Guwahati recently.

“The Chief Minister stressed that more bank branches are needed in Assam as the current branches, numbering around 1,700, are not sufficient to meet the growing demand for disbursement of subsidy and other transfers made by the government,” a source said.

The credit ratio is 40-50 per cent in Assam, while the national average is about 70 per cent.

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