Sunday, August 21, 2022

Setting up of Digital Banks: Roll out 75 Digital Banks in one go across the country- Lok Sabha Q&A

 

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
LOK SABHA UNSTARRED QUESTION No. 3679
Answered on Monday, August 8, 2022/ Sravana 17, 1944 (Saka)

Setting up of Digital Banks

3679. SHRI MAHABALI SINGH:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government proposes to roll out 75 Digital Banks in one go across the country;

(b) if so, the details thereof; and

(c) the details of the number of such banks to be set up by the Union Government in the State of Bihar, district-wise?

Answer

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (DR BHAGWAT KARAD)

(a) to (c) In pursuance of announcements made in the Union Budget 2022-23, Reserve Bank of India (RBI) has issued guidelines on ‘Establishment of Digital Banking Units’ vide circular dated 07.04.2022 for setting up of 75 Digital Banking Units (DBUs).

Further, as per aforesaid guidelines, the DBU is a specialised fixed-point business unit / hub housing certain minimum infrastructure for delivering digital banking products & services as well as servicing existing financial products & services digitally, in both self-service and assisted mode. The objective of this digital initiative is to enable customers to have cost effective/ convenient access and enhanced digital experience to/ of such products and services in an efficient, paperless, secured and connected environment with most services being available in self-service mode at any time, all year round.

As apprised by Indian Banks’ Association (IBA), the district-wise details of 75 DBUs to be set up including in the State of Bihar are annexed.

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Annexure as referred to in part (b) & (c) of the Lok Sabha Unstarred Question No.3679 for answer on 08.08.2022 regarding “Setting up of Digital Banks”.

Status of Establishment of Digital Banking Units (DBUs) in 75 selected locations

S.No.

Bank allocated for DBU

District

State/UT

1

Axis Bank

Itarsi (Hoshangabad)

Madhya Pradesh

2

Axis Bank

Bundi

Rajasthan

3

Axis Bank

Bhilwara

Rajasthan

4

Bank of Baroda

Silvasa

Dadra Nagar Haveli Daman and Diu (UT)

5

Bank of Baroda

Vadodara

Gujarat

6

Bank of Baroda

Leh

Ladakh (UT)

7

Bank of Baroda

Indore

Madhya Pradesh

8

Bank of Baroda

Kota

Rajasthan

9

Bank of Baroda

Kanpur Dehat Rural

Uttar Pradesh

10

Bank of Baroda

Varanasi

Uttar Pradesh

11

Bank of India

East Singhbhum

Jharkhand

12

Bank of India

Khurda

Odisha

13

Bank of Maharashtra

Aurangabad

Maharashtra

14

Bank of Maharashtra

Satara

Maharashtra

15

Canara Bank

Bangaluru Rural

Karnataka

16

Canara Bank

Raichur

Karnataka

17

Canara Bank

Ernakulam

Kerala

18

Canara Bank

Lakshadweep

Lakshadweep (UT)

19

Canara Bank

Virudhnagar

Tamilnadu

20

City Union Bank

Khammam

Telangana

21

Federal Bank

North 24 Paraganas

West Bengal

22

HDFC Bank

Chandigarh (Rural)

Chandigarh (UT)

23

HDFC Bank

Faridabad

Haryana

24

ICICI Bank

Kohima

Nagaland

25

ICICI Bank

Puducherry

Puducherry (UT)

26

ICICI Bank

Dehradun

Uttarakhand

27

IDFC First Bank

Keonjhar

Odisha

28

Indian Bank

South Delhi

National Capital Territory of Delhi (UT)

29

Indian Bank

Karaikal

Puducherry (UT)

30

Indian Bank

Lucknow

Uttar Pradesh

31

Indian Overseas Bank

Solan

Himachal Pradesh

32

Indian Overseas Bank

Thanjavur

Tamilnadu

33

Jammu & Kashmir Bank

Jammu

Jammu & Kashmir (UT)

34

Jammu & Kashmir Bank

Srinagar

Jammu & Kashmir (UT)

35

Jana Small Finance Bank

Patna (Danapur)

Bihar

36

Jana Small Finance Bank

Ranchi

Jharkhand

37

Karanataka Bank

Mangaluru

Karnataka

38

Karanataka Bank

Mysuru

Karnataka

39

Kotak Mahindra Bank

Mehsana

Gujarat

40

Kotak Mahindra Bank

Surat

Gujarat