State plans to extend banking services to rural areas


Bhubaneswar: The State Government has advised small finance and payment banks to extend banking service to un-banked areas of Odisha.

Addressing a meeting of the banks here, Principal Secretary of the Finance Department TK Pandey invited new players in the niche banking sector to the State, so that they can fulfill their obligation of serving the unserved rural areas of the State.

Pandey gave an overview of the growth potential of the State and rapid strides made in the recent years in socio-economic and infrastructure development fronts.

Senior executives of six Payment Banks (India Post, FINO payment Bank, PayTm, Airtel Payment Bank, Reliance Jio Infocom and Aditya Birla Idea Payment Bank) and five Small Finance Banks (ESAF Small Finance Bank, JANALAKSHMI Small Finance Bank, Suryoday Small Finance Bank, AU Small Finance Bank and UJJIVAN Small Finance Bank) attended the meeting.


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