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Mizoram Guv inaugurates 100th Electric Veng branch of MRB

The Mizoram Rural Bank also has the highest productivity per Branch among all the Regional Rural Banks in the country.

Mizoram Governor Hari Babu Kambhampati inaugurated the 100th Branch of the Mizoram Rural Bank on Wednesday.

The governor inaugurated the MRB’s Electric Veng Branch (speed post branch) at the heart of Aizawl city. This branch will become the first bank branch dedicated to Micro, Small, and Medium Enterprises.

The Governor shared his delight in opening the historic 100th branch of the Mizoram Rural Bank. He congratulated the current chairman and all those who had been involved and those who are presently working with this RRB since its inception in 1983 with the State Bank of India as the sponsor bank.

He appreciated the MRB for its exemplary professionalism in catering to the needs of its clients throughout the nook and corners of the state.

Governor Kambhampati also said that Mizoram itself seems to perform extremely well in terms of financial inclusion. He assumed that with a population of approximately 12 lakhs and around 3 lakh households, almost all families have at least one bank account.

However, he appealed to everyone to go further by promoting and embracing digital and financial literacy, including the safe and secure use of online transactions and digital payments.

The MRB is a bank with the largest networks within Mizoram, the largest number of account holders, second in terms of deposit, and first in terms of lending.

The Mizoram Rural Bank also has the highest productivity per Branch among all the Regional Rural Banks in the country.

First Published: 25th May, 2022 19:09 IST

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