Plan to open 10,000 bank branches a year from next fiscal: FM

As part of taking banking services to rural areas, the Centre has revised its target upwards to opening 10,000 new bank branches a year, according to Union Finance Minister P Chidambaram.
Earlier, there was a target to open 7,000 bank branches a year. From the coming financial year, it has been revised to open 10,000 branches a year, Chidambaram said, after handing over the financial assistance to 176 members of the Adi Dravidar and Scheduled Caste community here today.
Through this, an additional 55,000 new jobs would be created, he said.
"The huge growth witnessed in the banking industry is one of the major achievements in the last 10 years during the UPA regime", he said, adding that the Sivaganga district would be an apt example for it.