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ICICI opens 101 rural bank branches

HT Correspondent, Hindustan Times  Mumbai, December 13, 2012
First Published: 21:40 IST(13/12/2012) | Last Updated: 21:41 IST(13/12/2012)

ICICI Bank, India's largest private sector bank, on Thursday opened 101 rural branches across six states as part of its financial inclusion plan to provide banking services in unbanked villages.


These 'Gramin' branches will offer all the basic banking services such as savings bank account, fixed and recurring deposit, remittances, Kisan Credit Card, credit cards and tractor loans.

"ICICI Bank has also opened close to 2 million 'no frill' savings accounts this year taking the total number to around 12 million 'no frills' accounts, which is a key part of our Financial Inclusion strategy," said Rajiv Sabharwal, executive director, ICICI Bank.

These 'Gramin' branches were formally inaugurated in 19 districts across the states of Rajasthan, Andhra Pradesh, Gujarat, Maharashtra, Madhya Pradesh and Tamil Nadu, he said, adding, all these branches have been opened in small villages.

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