The 2nd biggest public sector bank in India, Punjab National Bank has started a huge financial inclusion scheme with an intention to have 1, 00, 000 touch points till the year 2013.
30 touch points have already begun functioning in parts of Bulandshahr in Uttar Pradesh, Rohtak in Haryana and Gaya in Bihar. With this, the bank would be establishing itself in 119 villages thus reaching 1, 32, 000 people.
The mission called Project Namaskar was opened by Finance Minister, Mr. Pranab Mukherjee in the New Delhi Headquarters of the bank.
On the occasion the bank also said that it would apply 100% core banking solution (CBS) (anywhere banking facility) in 6 regional rural banks (RRBs) supported by PNB. These RRBs are located across 67 districts in 6 states.
PNB has been participating in the method of financial inclusion for a long time. This is not the first time by the bank this year in this area. Some months back the bank had launched Biometric ATMs.
The bank said, “With the implementation of CBS, the RRBs shall also be able to provide fastest remittance facilities to its customers”.
The bank has already finished the execution of CBS in its promoted RRBs 18 months prior to the end date of September 2011 fixed by RBI.