Karnataka Bank Ltd has opened its first ultra small branch at Byadanur village in Tumkur district. A press release said here that ultra small branch will facilitate direct cash transfer of benefits under various government schemes.
Initially, one officer of the bank will visit at least once a week the ultra small branch to meet the banking requirements of the people in the village. Based on the requirements, such branches can also be upgraded to a higher level, it said.
Manohar V.N., Deputy General Manager of the bank, inaugurated the branch. Addressing the gathering, he explained the various initiatives taken by the bank in discharging the bank’s social responsibility.
The release said that the bank has plans to open more such ultra small branches.
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