Jaipur: The Punjab National Bank (PNB) on Wednesday said that it aims to expand its base in the entire northern India region for providing banking facilities at the doorsteps of people. The bank has declared 2008 as the year of financial inclusion.
A sizeable population in India doesn’t have any access to banking services.
According to K C Chakraborty, chairman and managing director of PNB, his bank is in the process of implementing ten banking pilot projects in northern part of the country to ensure that people get hassle-free access to banking services.
He said that already three such projects were already functioning at Taneri (Bihar), Neemrana (Rajasthan) and Matki Jharoli (Uttar Pradesh).
Chakraborty said that PNB had already opened four lakh no frills accounts till March 2007 and was targeting to open ten lakh more by the end of 2008.
He also said that PNB would extend financial assistance to small and medium enterprises given that they contributed significantly towards the development of the country’s economy.