Sathyan David, Regional Director (Rajasthan) of the Reserve Bank of India, inaugurated the branch while J.K. Bagri, General Manager, Reserve Bank of India and Mohit Sahney, Zonal Head (Rural and Inclusive Banking Group, Rajasthan), ICICI Bank were also present on the occasion.
The branch will remain open for customer transactions from 9:00 am to 6:00 pm on Monday to Friday and 9.00 am to 2.00 pm on Saturday.
The branch will offer the entire gamut of ICICI Bank products. The list includes rural and agri- related products such as Kisan Credit Card, Agri-Term loan, loans for Micro, Small and Medium Enterprises (MSMEs), tractor loans, commodity-based finance, overdraft (OD) against fixed deposits and various basic savings accounts depending on different customer profiles.
The branch will also fund Self- Help Groups (SHGs).
The occasion was marked by various initiatives such as the felicitation of meritorious students of Bagru town as well as the handing over of cheques for funding to several SHGs of the region.
The dignitaries also flagged off a van which will travel to remote villages around Bagru to spread financial literacy and awareness on various financial products available to farmers.
Speaking on the occasion, Sathyan David said, "I congratulate ICICI Bank on the inauguration of their new branch at Bagru. It is very encouraging to see ICICI Bank increase its presence in the state. The people in and around Bagru will benefit greatly from the Bank's pioneering products and excellent customer service and I am confident of ICICI Bank making a very positive impact on the socio-economic landscape of the region."
Mohit Sahney of ICICI Bank said, "Our endeavor has always been to make banking convenient to customers. This new branch is a step in providing customers enhanced access to the Bank's world-class services and is in line with our philosophy of "Khayaal Aapka" which means keeping the customer's needs as the focal point of our business."
ICICI Bank has over 3,500 branches and extension counters and over 11,000 ATMs spread across the country.
Rajasthan region has over 400 branches across the state, of which more than 140 are rural branches and 48 are branches in hitherto unbanked areas.
The bank also has two 24X7 electronic branches in Jaipur. The bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center and internet banking (www.icicibank.com).
--IBNS (Posted on 17-10-2013)