Thursday, September 11, 2014

SBI takes lead in opening bank accounts under Jan Dhan Yojana

The benefit of Pradhan Mantri Jan Dhan Yojana (PMJDY) can be extended to existing account holders without opening a new account.



                NEW DELHI: State Bank of India has taken the lead in flagship Jan Dhan Yojana by opening over 30 lakh accounts so far, followed by Punjab National Bank.

As of September 8, State Bank has opened about 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas, Financial Services Secretary G S Sandhu said.

Punjab National BankBSE -0.23 % (PNB) opened about 20.24 lakh accounts, Canara BankBSE -0.56 % with 16.21 lakh, Central Bank of India 15.98 lakh and Bank of BarodaBSE -0.56 % 14.22 lakh accounts.

However, major private sector banks taken together opened just 5.8 lakh accounts, much lower than even regional rural banks which have opened 49.28 lakh accounts.

In terms of state-wise tally, Uttar Pradesh is the clear leader where 40.29 lakh ..

Anand Maurya
pgdm-3sem

SBI takes lead in opening bank accounts under Jan Dhan Yojana

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