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SCB branch coverage in Karnataka approaches 80%

As at the end of December 2015, there were 10,295 branches and 14,375 ATMs in Karnataka. Out of the 1000 villages with population of above 5000, 790 villages in Karnataka are already having a brick and mortar branch of a SCB, the coverage is almost 80%. The banks were called upon to cover the remaining 210 villages immediately. 85% of 176 blocks are covered with the FLCs. Reddy informed that the allotted banks are yet to open FLCs in the 15 centers – SBI – 2, Vijaya Bank – 3, Corporation Bank – 2, SBH-5, PKGB, KVGB & Andhra Bank – 1 each. At the latest Maharashtra SLBC meeting, 281 villages were presented that had a population above 5000 but without a bank branch of a scheduled commercial. These villages have been allotted among the SCBs including RRBs.

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