Micro-financing banks have a special challenge and responsibility to ensure equitable growth, says President
Addressing the first anniversary celebrations of the Bandhan Bank in Kolkata this evening,Mukherjee said that a lot more remains to be done to meet the requirements of the unorganised sector in the country while the banks remain ever vigilant as far as loan dispersal and recovery are concerned.
While the RBI and the concerned ministry are busy addressing the problem areas of none-performing assets and injudicious advancing, the reach of rural people to banks is not very encouraging even after nationalisation of almost 60 percent of banks done in July, 1969, Mukherjee said.
Expressing confidence that Bandhan Bank has been on the right path in its endeavour of providing micro finance in the rural areas,Mukherjee said that the bank has been undertaking many a social responsibility projects as well.
The Bank will continue to walk on the path between the two fundamentals paradigms of financial inclusion and financial viability, he added.
The RBI Deputy Governor,N S Vishwanathan; Chandra Shekhar Ghosh, MD and CEO of the Bank and its chairman, Ashoke Lahiri also addressed the programme held at the Science City auditorium.
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