Public Sector Banks have 33 per cent of their branches in rural areas: Finance Ministry

During 2016-17, 2,168 branches and in 2017-18, 834 branches and 2018-19, 438 branches and 2019-20 (till June 30), 86 branches have been opened by PSBs.
For representational purpose. (File Photo | EPS)
For representational purpose. (File Photo | EPS)

NEW DELHI: Finance Ministry on Monday said the total number of Public Sector Banks (PSBs) branches as on June 30, 2019 was 87,526 out of which 28,815 (33 per cent) are in rural areas.

During 2016-17, 2,168 branches and in 2017-18, 834 branches and 2018-19, 438 branches and 2019-20 (till June 30), 86 branches have been opened by PSBs, the ministry said in a written reply to Lok Sabha. Total number of branches of Private Sector Banks (PSBs) as on 30.6.2019 was 32,083 out of which 6,846 (21 per cent) are in rural areas.

During 2016-17: 2,216 branches, 2017-18: 1,618 branches, 2018-19:1,684 branches and 2019-20 (till June 30): 209 branches have been opened by Private Sector Banks.

In addition to the bank-branches, as on 30.6.2019, while Public Sector Banks have 1.34 lakh ATMs out of which 27,098 (20 per cent) are in rural areas, Private Sector Banks have 69,019 ATMs, out of which 5,759 (8 per cent) are in rural areas.

Related Stories

No stories found.

X
The New Indian Express
www.newindianexpress.com