Excelsior Correspondent
Kathua, Mar 14: Reserve Bank of India, Jammu conducted an Outreach Programme today at Galak village in Kathua district as part of its financial inclusion and awareness drive. Jasbir Singh, Executive Director, RBI, Central Office, Mumbai, presided over the function and Zahida Khan, District Development Commissioner, Kathua was the chief guest.
A K Jain, Deputy General Manager, State Bank of India, Nayeem-Ullah, President, J&K Bank, Vikas Gupta, SDM, Billawar, other senior Government officials and bankers attended the programme.
The Outreach Programme was inaugurated by the Executive Director in presence of a large gathering. In his welcome address, Regional Director, RBI, Jammu K K Saraf highlighted the objective of holding the financial literacy programme in the village. He also explained the Banking Correspondent model through which banking facilities could be availed by the rural masses.
The Deputy General Manager, SBI assured effective banking service in the village through the Common Service Point (CSP) outlet established in the village. The DDC Kathua, advised the gathering to take maximum benefit from the banking sector to improve their economic conditions.
Speaking on the occasion, Jasbir Singh, touched upon the important functions of RBI viz issuing and managing currency, controlling inflation through formulation of monetary policy and expanding outreach and banking awareness. He also visited the stalls/pavilions put up by RBI, SBI and NABARD at the venue showcasing their products and services. State Bank of India also extended facilities of exchange of torn and soiled notes and issue of fresh currency notes and coins to the residents.
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