Udupi, (The Hindu): She was speaking as the chief guest at the inaugural function of the Udupi branch of the IPPB here. Four branches of the bank were opened at Bannanje here, and at Belapu, Paniyur, and Palimar villages in the district.
Ms. Francis said many people lived in scattered houses in rural areas in the hilly areas of the district. It would be difficult for such people to go to banks or ATMs. The IPPBs addressed this problem.
There was 99% coverage of Aadhaar and mobile telephony in the district. This was an advantage as people could open their accounts with the help of their phones. The postmen had a far wider reach than the banking correspondents in rural areas.
Hence getting money was easier through the IPPBs because the postmen would be providing banking at the doorstep of the people. More awareness needs to be created about the advantages of this bank among people, Ms. Francis said.
Suryanarayana Rao, Postmaster, welcomed the gathering. Rajashekhar Rao, Superintendent of Posts, delivered the introductory remarks.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.
Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.