The Himachal Pradesh State Cooperative Bank (HPSCB) has been accorded the status of a commercial bank, as it earned the rare distinction of second schedule status from the Reserve Bank of India (RBI).
Harsh Mahajan, bank’s Chairman, said that HPSCB is the third bank in the country that has been included in the second schedule of the RBI.
He said that the bank is planning to open new branches at 13 places and install 50 ATMs by this fiscal.
Currently, the bank has 207 branches with over 16 lakh account holders. The majority of its account holders are from rural and remote areas.
"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.