HomeBusinessHow did the business acquire momentum in Bihar, so many new banks...

How did the business acquire momentum in Bihar, so many new banks within the non-public and public sectors had been opened within the final 3 years

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New Delhi. After the arrival of the Modi authorities within the nation, there’s a radical change within the banking system. Particularly in states like Bihar, UP, Madhya Pradesh and MP, new branches of banks have began opening in city areas in addition to in rural areas. If we speak about Bihar, there was an incredible change within the banking sector in Bihar within the final three years. In line with the most recent RBI information, 381 new branches of varied banks have been opened in Bihar within the final three years. These embody each non-public and public sector banks. On Tuesday itself, former Deputy Chief Minister of Bihar and Rajya Sabha MP Sushil Kumar Modi has given this data by his social account. BJP Rajya Sabha MP Sushil Kumar Modi had requested the nation’s Finance Minister Nirmala Sitharaman that what number of branches of varied banks have been opened in Bihar within the final three years? On this, the Finance Ministry has replied that 160 non-public and public sector banks have opened in Bihar throughout the monetary 12 months 2019-20, 135 throughout the monetary 12 months 2020-21 and 86 throughout the monetary 12 months 2021-22. Combining all of the three monetary years, 381 new department banks are open in Bihar. There was an incredible change within the banking sector in Bihar within the final three years. (File picture) Branches of personal banks are additionally opening in Bihar In these three years, 36 branches of State Financial institution of India (SBI) and its affiliate banks have been opened in city and rural areas of various districts of Bihar. Together with this, many public sector banks together with Financial institution of Baroda, Financial institution of India, Canara Financial institution, Central Financial institution of India and Punjab Nationwide Financial institution have opened their branches. The branches of this non-public financial institution are probably the most open, if we discuss concerning the non-public financial institution, then Bandhan Financial institution has opened the utmost variety of branches in Bihar within the final three years. Bandhan Financial institution has opened 82 banks within the 12 months 2019-20, 75 within the 12 months 2020-21 and 9 banks i.e. a complete of 166 banks throughout the monetary 12 months 2021-22. Many extra non-public sectors together with ICICI Financial institution, HDFC Financial institution and Sure Financial institution have additionally opened their respective branches. In 2021, 4.9 % of the branches of banks had been in Bihar. The revolution has come after the brand new coverage of the Modi authorities, whereas presenting the funds of Bihar in February this 12 months, State Deputy CM Tarkishore Prasad had talked about opening 270 new branches of varied banks within the monetary 12 months 2020-21. Of those, the variety of non-public sector banks was 92. State Financial institution of India had the very best variety of 115 branches opened. Allow us to inform you that the utmost variety of 117 financial institution branches had been opened in city areas and 59 in rural areas, 63 in cities and 31 in massive cities. Additionally learn: After Rajasthan, Chhattisgarh and Jharkhand, the previous pension scheme can be carried out in the entire nation! The MP requested the Heart this query by way of branches of business banks, Bihar is on the eighth place within the nation. In 2021, 4.9 % of the branches of banks had been in Bihar. Greater than Bihar, banks have branches in Gujarat, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, UP and Bengal. Breaking information first learn in Hindi News18 Hindi | In the present day’s newest information, reside information updates, learn most dependable Hindi information web site News18 Hindi |Tags: Banking Sector, Banking sector reforms, Bihar Information, Industries, Sbi, Sushil Kumar modiFIRST PUBLISHED : August 04, 2022, 11:11 IST

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