PSBs Have 33% Of Their Branches In Rural Areas: Finance Ministry

New Delhi: Finance Ministry on Monday said the total number of Public Sector Banks (PSBs) branches as on June 30, 2019, was 87,526 out of which 28,815 (33%) are in rural areas.

During 2016-17, 2,168 branches and in 2017-18, 834 branches and 2018-19, 438 branches and 2019-20 (till June 30), 86 branches have been opened by PSBs, the ministry said in a written reply to Lok Sabha.

The total number of branches of Private Sector Banks (PSBs) as on 30.6.2019 was 32,083 out of which 6,846 (21%) are in rural areas.

During 2016-17: 2,216 branches, 2017-18: 1,618 branches, 2018-19:1,684 branches and 2019-20 (till June 30): 209 branches have been opened by Private Sector Banks.

In addition to the bank-branches, as on 30.6.2019, while Public Sector Banks have 1.34 lakh ATMs out of which 27,098 (20%) are in rural areas, Private Sector Banks have 69,019 ATMs, out of which 5,759 (8%) are in rural areas.