Salem to become total banking district before April

SALEM(TN): Salem in Tamil Nadu would become a 'total banking district' by March 31, a top official of the Reserve Bank of India said on Saturday.

There were 7.2 lakh families in the district and around four lakh families atleast have one bank account, said F R Joseph, Director, RBI Southern Region.

Efforts were being taken at a fast pace to ensure that all the remaining families had atleast one bank account before the end of this fiscal, he told reporters here yesterday.

Further, a special camp would be soon held in Salem to educate people on identifying counterfeit currency. A similar camp was held in Chennai recently, he added.

Loans upto Rs 50,000 could be availed from the banks without providing any surety; he said adding that about 13,000 women Self Help Groups in Salem district were availing loans from different banks.

Joseph said that bank account holders in Tamil Nadu could approach the RBI, Chennai branch with complaints about any bank. He assured that action would be taken by the ombudsman within 45 days.


http://economictimes.indiatimes.com/News/News_By_Industry/Banking_Finance_/Salem_to_become_total_banking_district_before_April/articleshow/2676716.cms