FM to inaugurate new bank branches tomorrow

Lucknow: Finance Minister P Chidambaram will inaugurate 300 new bank branches in the presence of Uttar Pradesh Chief Minister Akhilesh Yadav here, official sources said here.

"At the meeting with RBI Governor D Subbarao on Jan 15, state Chief Minister Akhilesh Yadav requested him to open 3000 more bank branches keeping in mind the population of the state. Now RBI and state government has fixed the time table to open these branches by March 31, 2014", an official release issued here said.

The Finance Minister would tomorrow inaugurate 300 branches and start the process of opening up branches in the state, sources said.

About 80 per cent of these new branches would be opened in rural areas, helping in their development.