RBI inaugurates two more sub-offices in northeast

New Delhi, (IANS) India’s central bank, the Reserve Bank of India (RBI) announced on Saturday it has opened two sub-offices in the northeastern states of Manipur and Mizoram.

Manipur Chief Minister O. Ibobi Singh and RBI deputy governor Harun R. Khan inaugurated RBI’s sub-office in Imphal on Saturday, it said in a statement.

The Imphal office, which will have a financial inclusion and development department, consumer education and protection cell and market intelligence unit, “will work in close coordination of the state government, NABARD and the banks for financial and banking development of the state,” it said.

On Thursday, RBI Governor Raghuram G. Rajan and Mizoram Chief Minister Lal Thanhawla inaugurated an RBI sub-office in Aizawl, with the same departments.

“With the opening of Imphal office, the Reserve Bank will now have offices in five of the seven states in the northeast,” the statement added.

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