Bank of Baroda (BOB) opened its first branch in the district on Wednesday.
Collector M Muthukumar inaugurated the new branch on the block office premises.Speaking on the occasion, Muthukumar urged the bank authorities to extend their helping hand to the Self Help Groups(SHGs).
“Each of the nationalised banks having their branch in Malkangiri has to open at least one ATM counter as per the guidelines of the Cental Government,” he said.
The district is likely to have a women’s bank by the end of this year, he added.
Regional Manager of Bank of Baroda, Jitendra Kumar Das, claimed that 105-year-old bank has been catering to various sections of the society since its inception.
Describing the Baroda Kisan Credit Card (BKCC) as a unique one, Das said it aims at providing adequate and timely credit to comprehensive credit requirements of the farmers. “BOB will live up to people’s expectation in a district like Malkangiri. I will personally monitor the functioning of the branch from time to time,” Das said.
BOB Branch Manager Sumeet Pal, Malkangiri MLA Mukunda Sodi, DRDA Project Director Biswa Mohan Ray and Lead Bank Manager were also present.
Meanwhile, Punjab National Bank (PNB) also opened its new branch here on Wednesday.