Central Bank opens money exchange counter at Srinagar airport
Chandigarh, Dec 24 (PTI) State owned Central Bank of India today said it has set up its first money exchange counter in the region at Srinagar airport and eyes Rs 50 crore of business per annum from it by targeting haj pilgrims and foreign tourists.
"We have opened our first money exchange counter in this region at Srinagar Airport," a senior official of the bank said here today.
Chandigarh region of Central Bank of India covers Punjab, Haryana, Chandigarh, Jammu and Kashmir and Himachal Pradesh.
"We will be targeting haj pilgrims from Kashmir and foreign tourists coming from various countries to visit Kashmir for our money exchange counter. We expect to generate business to the tune of Rs 50 crore per annum from this centre," he said.
He further said the bank has plans to open another money exchange counter in Chandigarh as and when international flights start from here.
On network expansion, the bank plans to open 20 new branches in current fiscal at several places in the region.
"We will be opening 20 new branches in remaining part of this fiscal. We have today opened 5 new branches, one each at Rohtak, Shimla and three at Jalandhar," he said.
Central Bank currently, has 313 branches in this region.
Bank''s Zonal Manager B Akbaraly said 37 new ATMs have also been opened at Punjab and Haryana, taking the total strength of ATMs to 165 in the region.
Central Bank is eyeing a business of Rs 20,771 crore including deposits of Rs 11,300 crore by end of 2012-13.
So far, bank has given advances to the tune of Rs 8136 crore and deposits of Rs 10,553 crore, he said.
Expressing serious concern over the ongoing protests in Andhra Pradesh, following the nod for the creation of a separate Telangana State, the Communist Party of India (CPI) leader D Raja said that the Centre must address the genuine concerns of the people and assure them that their interests will be duly protected.
Date 06-12-13, Duration 2:11, Views 857