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Tribal students demand currency chest facilities
Correspondent IMPHAL, MAY 9:
Published on 10 May. 2011 1:21 AM IST
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Two nationalized banks, United Bank of India (UBI) and State Bank of India (SBI) in Manipur’s Churachandpur district were forced to close down Monday by volunteers of Churachandpur District Students’ Union (CDSU), demanding for endowment off additional currency chest to redress the grievances of people.
“We have repeatedly requested bank authorities to endow additional currency chest in the two banks considering the problems faced by the people,” CDSU information and publicity secretary said.
Highlighting the banking scenario of Manipur, he said out of 94 bank branches in Manipur, only 85 bank branches were functioning.
It may be mentioned that Manipur has the highest customer per Branch Office (APPBO) amongst all NE States. In 2005, the APPBO of Manipur was 29791, alarmingly high in comparison to the National Average (14949) and NER Average (19885).
He also pointed out that out of 41 blocks in Manipur, 20 blocks were without bank adding low branch network had affected the per capita deposits and opening of the Deposits and Credit accounts in the State.
With the inadequate banking services in Manipur, the state could hardly cope up with the increasing demands of banking and credit facilities. The state had already presented the case to the Reserve Bank of India and yet to get approval, he added.

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