04 March,2011 10:23 AM IST | | A Correspondent
The Maharashtra Gramin Bank (MGB), the Regional Rural Bank (RRB) sponsored by Bank of Maharashtra, achieved 100 per cent CBS on March 1.
Dr K C Chakrabarty, Deputy Governor, RBI, and A S Bhattacharya, Chairman and Managing Director, Bank of Maharashtra, attended the function on this occasion at Thane yesterday. All 327 branches of MGB were brought under CBS with the technical assistance of Bank of Maharashtra.
Bhattacharya had given top-most priority to bringing all MGB branches under CBS within three months of his assuming charge. MGB covers 16 districts; all of Marathwada is covered by it. Ashok A Magdum, Chairman, MGB, expressed confidence that the bank would be able to enhance its business growth and penetrate all villages with a population of over 2,000 in its financial inclusion drive by utilising CBS platform and ICT solutions.
