Central Bank of India looking to expand into Kashmir

The Central Bank of India has announced a plan to expand into Jammu and Kashmir.

The state-owned bank said that it was looking to expand in the state of Jammu and Kashmir as part of a strategy to expand into rural areas of India.

The bank said: “Against the target of 18 percent lending to agriculture we could achieve only 12 percent and this is an area of concern. The scope of increasing agriculture lending is limited in these two states as the farmers are already having credit facilities from the existing branch network of various banks. So we are now eyeing Jammu and Kashmir as there is a tremendous scope.’

(EKNN)