Assam Gramin Vikash Bank looks to expand network, deposits
"Between December 2011 and December 2012, our deposits have increased to Rs 4,982 crore from Rs 4,475 crore, registering a rise of 11.3 per cent. Going ahead, in 2013-14, we are aiming to raise our deposits by 18 per cent," AGVB Chairman Shio Shankar Singh told reporters here.
He said the AGVB, a joint undertaking of central and Assam government and the United Bank of India, is also looking to increase the number of full-fledged branches by at least 10 per cent every year.
"We have 370 branches across the state and another 10 will be operationalised by March end. In the next financial year, we look to increase the total number by another 10 per cent," Singh said.
AGVB has already migrated all its branches to Core Banking Solution (CBS) platform and Singh said all preparatory works for extending ATM facility to its customers have been accomplished in association with the United Bank of India.
"All AGVB customers will be able to avail the services of UBI ATMs from March this year and in June, we will roll out our own ATM service," Singh said.
AGVB has just signed a MoU with the Assam government for payment of wages to beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Scheme in 12 districts