Banks told to lend without any inhibition
The Hindu
KVG Bank Head Office is now names Vikas Bhavan
Stating that Regional Rural Banks (RRBs) are playing a significant role in rural development, Executive Director of Canara Bank Brij Mohan Sharma on Friday told bankers to lend loans without any inhibition to leverage the living standards of people living below poverty lines. He was addressing bank officials after unveiling a name board to mark the naming of the Head Office of Karnataka Vikas Grameena (KVG) Bank in Dharwad as Vikas Bhavan on Friday. Mr. Sharma said that over 70% of the people in the country lived in villages and despite various measures, there has not been much improvement in their living standards. Bank officials should sanction them loans without any inhibition so that they can climb the ladder of economic progress and thereby improve their living standards.
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