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Govt asks banks to open 15,000 branches in FY21

Govt asks banks to open 15,000 branches in FY21

Thursday, January 16, 2020, 3:36 PM

In a scramble to meet its financial inclusion agenda, the federal government handed lenders a list of location wise branches to be opened by both state-run and private banks, said the source. Lenders including State Bank of India, Bank of Baroda, HDFC Bank and ICICI Bank will open 14,000-15,000 branches in the coming year to reach the unbanked as per a government directive.
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