Private sector lender Lakshmi Vilas Bank today announced the implementation of financial-inclusion drive in Tamil Nadu through an extension of its banking services.
Under the programme, the bank will cover 53 villages across Tamil Nadu through its 42 branches and banking correspondents, the bank said in a release.
“The bank has planned to implement its services with an objective to ensure greater reach to the underprivileged sections of the society. The idea to do this was through availing of the business correspondent services of intermediaries, such as NGOs/self-help groups, MFIs and other civil society organisation (CSOs),” the release said.
“Over 2 lakh customers will be serviced through 51 branches in rural locations and 105 branches in semi-urban locations. The bank will be making available a wide range of financial services to every individual particularly weaker sections and low-income groups, said PR Somasundaram, MD & CEO.