4 days ago
RBI enhancing customer safety: Executive Director
Reserve Bank of India (RBI) Executive Director R. Lakshmi Kanth Rao on Thursday said the central bank was implementing a slew of measures to enhance customer safety in financial system and stressed the need to spread awareness about the same.
Speaking at a programme tiled 'Financial Inclusion Saturation Campaign', organised by the Union Bank of India (UBI), State Bank of India (SBI), Canara Bank, Bank of India (BoI) and Andhra Pradesh Grameena Bank here under the aegis of the Department of Financial Services (DFS), Mr. Lakshmi Kanth Rao advised bank account holders to complete their KYC. Bank accounts inactive for a long time have to undergo a re-KYC to revive them.
State-Level Bankers' Committee (SLBC) convener C.V.N. Bhaskar Rao explained salient features of schemes such as Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and free RuPay debit cards. He further said banking services were made easily accessible in the rural areas through Bank Mitras.
RBI Regional Director A.O. Basheer, General Manager (GM) R.K. Mahana, Canara Bank GM C.J. Vijayalakshmi, UBI Regional Head M.V. Tilak, SBI DGM Sitakshi Singh and Regional Head Raghava Rao, BoI Zonal Head Bangarraju, SLBC coordinator Srinivasa Rao, UBI Deputy Regional Head Chandana and District Lead District Manager K. Priyanka were present.
