Setting up of Digital Banks: Roll out 75 Digital Banks in one go across the country

 Setting up of Digital Banks: Roll out 75 Digital Banks in one go across the country

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

 

Source: Lok Sabha