State government urged to strengthen rural banks
Andhra Pradesh Regional Rural Bank Employees Association (APRRBEA) State president Ravikanth urged the Joint Consultative Committee of Nabard to strengthen the rural banks by implementing the recommendations made by Reserve Bank of India Deputy Governor K.C. Chakravarthy.
Mr. Ravikanth was here on Sunday to participate in the third general body meeting of Deccan Grameena Bank employees. Talking to newsmen, he said that the RBI Deputy Governor had suggested that the government should release Rs. 2,000 crore for strengthening rural banks. He said that the rural bank employees were getting only Rs. 1,450 per month as pension after retirement, that too without dearness allowance.
He also urged the government to regularise the services of about 20,000 part-time employees of rural banks in the country. Highlighting the achievements of rural banks, he said there were 84 regional rural banks serving in 613 districts with 10 crore customers and 15,400 branches.
Source: The Hindu