AGARTALA, Nov 23 (TIWN): Realizing the constantly evolving and diverse needs of its customers in Tripura, Bank of Baroda on Mondayinaugurated its fourth branch at Ramnagar. There are 3 branch of Bank of Baroda operating in Tripura at Kaman Chowmuhani, Math Chowmuhani, and Udaipur but seeing the need of its customers the authority has opened its new branch at Ramnagar on Monday. All together there are 54 branch of bank of baroda in the NE zone.

Inaugurating the new branch of Baroda bank at Ramnagar the Eastern Zone senior manager R.L.Buthikar said we need bank branches in every corners of the state. If the banking service reaches to every people of the state, then they will not fall into the trap of different chit-funds to lose their incomes in the name of savings. Admitting the sudden rise of chit-funds in past few years, the dignitaries urged to the state people to keep their funds secure in banks.

With a wide network of over 4633 branches all over the country, it was made clear that the top priority of the Bank has always been to extend financial support and adapt to the customers’ ever changing needs.

Apart from various executives of the Bank, the event was attended by more than 100 customers whose queries were well attended by the Bank’s staff. The dignitaries at the inauguration program assured that the Bank will play a pro-active role in catering to financial needs of the residents of the nearby areas.

The dignitaries also claimed that 105-year-old bank has been catering to various sections of the society since its inception.

Bankers play very important role in the economic life of the nation. The health of the economy is closely related to the soundness of its banking system. Although banks create no new wealth but their borrowing, lending and related activities facilitate the process of production, distribution, exchange and consumption of wealth. In this way they become very effective partners in the process of economic development. Today modern banks are very useful for the utilization of the resources of the country. The banks are mobilizing the savings of the people for the investment purposes. If there would be no banks then a great portion of a capital of the country would remain idle.