The national average of brick and mortar (B&M) branch and ATM per lakh of population is 18.12 and 22.32 respectively, whereas for Odisha ratio is 13.06 and 18.15.
Shah emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in the sector.
The loan agreement with Chinese banks will boost the crisis-hit Pakistan's reserves and enable Islamabad to make import payments while lending some support to the rupee as well.
Over 26 crore digital payment transactions are processed daily by payment systems, of which UPI system itself processes more than two-thirds, said RBI.
The idea to establish ABBFF was to remove the fear of witch-hunting and actions based on hindsight, among officials of public sector banks.
Nirmala Sitharaman is scheduled to meet heads of public sector banks on June 20 and is expected to take a stock of credit growth, asset quality and plan revival of the economy, sources said.
The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700 crore) at the end of 2020, marks the second consecutive year of increase.
The RBI said that deputy governors MK Jain and M Rajeshwar Rao held discussion with Managing Directors and Chief Executive Officers of SFBs.
Odisha has 13 bank branches and 18 ATMs per one lakh population against the national average of 18 and 23 and the State is among the bottom-10 states in terms of financial inclusion.
In the Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs in the year and approved a policy of strategic disinvestment of public sector enterprises.
Banks had extended moratorium on repayment of loans and restructured advances to businesses to help them combat the impact of the COVID pandemic and subsequent lockdowns.
The Treasury Department said in a notification that it does not plan to renew the license that allowed Russia to keep paying its debtholders through American banks.
These limits will be computed by averaging across four quarters of the financial year, to determine adherence to the prescribed cap, the circular said.
However, the State level screening committee shall take a final decision based on the merits of the case and circumstances.
The enhanced capital would help banks expand their business and push credit growth in the productive sectors.