Kolkata headquartered, Allahabad Bank has inaugurated 200 ultra small branches (USBs), as a part of its financial inclusion programme, said the media report.
According to a release issued by the bank, the USBs are set up in the form of a low-cost brick and mortar structure, with a full-time officer and adequate infrastructure. Post these 200 branches, Allahabad Bank will have a network of 418 USBs.
"The USBs set up by the bank are an effective mode for providing quality banking products and services at the doorstep needed by vulnerable groups of the rural population," the release said.
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