 |
ECONOMIC TRENDS
|
 |
BANKING
Banking.—Banking, which is so very important in the context of economic development is underdeveloped in Bhandara district. The district had to wait till 1951 for the establishment of the first banking office at Gondia. The establishment of the branch of the Punjab National Bank in 1951 was followed, after a good lapse of time, by two branches of the State Bank of India
in 1955 at Gondia and Tumsar. The banking structure in the district at present comprises five branches of the State Bank of India, two branches of the Bank of Maharashtra and one branch each of the Punjab National Bank, Central Bank of India and Dena Bank.
This low development of banking, like industrialisation reflects the underdeveloped state of the district economy. |
