The first and foremost issue for the Reserve Bank was to decide who could be eligible to promote new banks considering the broader objective of setting up of these banks, its own experience of dealing with the promoters of the private sector banks in the past and not the least, the lessons learnt from the recent global financial crisis.
I, therefore, encourage the local communities to take advantage of proximity of the bank and availability of its digital platforms to make use of the financial services the bank is offering, now and in the future. Distinguished ladies and gentlemen, it is now my pleasure and privilege to declare the BSB Hukuntsi branch officially open.