The Hindu Business Line - January 3
SBI has completed rural coverage in Andhra Pradesh, three months ahead of the set target. The bank has covered 1379 villages through bank branches for 35 villages, correspondents for 1157 , bank on bike model for 162 and bank on wheels for 15 villages.
The villages will have access to basic banking transactions such as savings deposit, remittances and insurance.
The bank now plans to cover villages with population of below 2000 in a phased manner in the next 2-3 years.
SBI has completed rural coverage in Andhra Pradesh, three months ahead of the set target. The bank has covered 1379 villages through bank branches for 35 villages, correspondents for 1157 , bank on bike model for 162 and bank on wheels for 15 villages.
The villages will have access to basic banking transactions such as savings deposit, remittances and insurance.
The bank now plans to cover villages with population of below 2000 in a phased manner in the next 2-3 years.
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