Free Press Journal

Banking sector in Andamans gets a boost


Port Blair: The banking sector of Andaman and Nicobar Islands has got a fillip with the Reserve Bank of India (RBI) granting license to the A&N State Co-operative Bank (ANSCB) to open three more bank branches at Kamorta, Chouldari and Dollygunj.

These branches would be in addition to the nine branches, licenses for which was granted by the RBI in April this year.

The nine branches to be opened shortly across various places of A&N Islands include Long Island, Nimbutala, Kishori Nagar, Mahatma Gandhi Govt College Mayabunder, Junglighat, Burmanallah, Betapur, Chowra and Wandoor, a ANSCB release said today.

With the 12 new branches, the total number of ANSCB branches would go up to 41, the release said claiming it was the first bank in the country to introduce door step delivery of pensions to the old aged, differently-abled persons and widows, besides extending financial support to thousands of Self Help groups and their members.