BRAC Bank has organized an ‘UthanBoithak’, a knowledge-sharing engagement, for Munda people, an ethnic population living on the fringes of the Sundarbans, a press release said Sunday.
The Munda community is detached from any formal banking or financial services.
Field officers of Koyra agent banking outlet of Khulna disseminated information about opening bank accounts, the importance of savings and services available at Agent Banking outlets.
BRAC Bank’s rapidly expanding alternate banking channel now serves 1.75 lakh unbanked people, mostly in rural and semi-urban parts of Bangladesh. This alternate channel’s penetration in rural areas has reached 77 percent the highest in the industry. From opening accounts to cash withdrawal, loans to EMI payments, remittance services, and utility bill payments – agent banking outlets are now the centres to go for the local people for any day-to-day banking.
BRAC Bank’s MD and CEO Selim R. F. Hussain, said: “Our vision is to bring the unbanked under the formal financial umbrella.”
