RBI Officials Encourage Wider Use of Banking Services

Quick Summary

• Reserve Bank of India (RBI) officials, including Chief General Manager Singala Subbaiah and Deputy General Manager Kalyana Chakravarthy, emphasized the importance of utilizing banking services to access welfare schemes.
• The statements were made during a financial inclusion program held for villagers in Dwarapudi, Vizianagaram mandal.
• Union Bank of India (UBI), represented by officials such as General Manager Shalini and Regional Manager Jitendra Sarma, highlighted its focus on providing financial assistance and welfare schemes for farmers and other beneficiaries.
• villagers were urged to visit nearby bank branches to explore welfare schemes aimed at additional income generation through agricultural or dairy-related activities.

Indian Opinion Analysis
The emphasis by RBI and UBI officials on financial inclusion underscores efforts to enhance grassroots awareness of banking systems in rural India. Accessing welfare schemes through banks aligns with broader government initiatives aimed at bridging socio-economic disparities in underserved areas like villages in Vizianagaram mandal. By promoting such dialogues with communities, institutions strengthen local economies via mechanisms like loans for agricultural diversification or dairy production. Practical follow-up measures ensuring accessibility-as an exmaple user-friendly guidance at branches-will be critical for effective implementation.Published – August 24, 2025 06:42 pm IST