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Majhi urges Centre to help in opening of brick & mortar bank branches in unbanked GPs
Capital Information
|July 11, 2025
(UNI) Odisha Chief Minister Mohan Charan Majhi today urged the Centre to direct banks at the apex level to open brick-and-mortar branches in unbanked gram panchayats (GPs) across the state.
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Speaking at the 27th meeting of the Eastern Zonal Council, Majhi emphasized the need for resolving internet connectivity issues at the GP level to encourage banks to establish physical branches.
He further recommended that commercial banks increase both the fixed and variable components of commission paid to Business Correspondents (BCs) to curb their attrition rate.
The Chief Minister highlighted that out of the total 6,794 GPs in Odisha, only 2,421 currently have brick-and-mortar bank branches, leaving 4,373 GPs without such access.
He noted that the geographical reach of banks in the state remains limited.
Esta historia es de la edición July 11, 2025 de Capital Information.
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