SBI (State Bank of India) – the largest public sector bank in India has inaugurated a new RBO in Arunachal Pradesh. Smt. Nirmala Sitharaman, the Hon’ble Finance Minister of India, inaugurated the Regional Business Office of the State Bank of India (SBI) in Namsai, which is recognized as an Aspirational District in Arunachal Pradesh. As per 2011 Indian census, Namsai has a population of 14,246 as per census 2011. As of now, the population is around 95,000. Namsai is a remote area and lies around 300 kilometers from Itanagar. It is just 90 kilometers from Myanmar.
FM Sitharaman inaugurates new SBI RBO in Arunachal Pradesh pic.twitter.com/1w3pBrKsGe
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You can see in the map below the exact location of Namsai. The red map icon shows the location of Namsai in Arunachal Pradesh.
The establishment of the SBI Regional Business Office in Namsai is expected to play a pivotal role in boosting the economic landscape of the region by facilitating easier access to credit, fostering entrepreneurship, and ultimately improving the quality of life for the residents. This significant event marks a crucial step in enhancing the banking infrastructure in the region, aimed at improving financial inclusion and supporting local economic growth. SBI, often regarded as the backbone of the Indian economy, truly embodies the spirit of India. With a vast network of over 22,500 branches, 63,580 ATMs/ADWMs, and 82,900 Business Correspondent (BC) outlets, SBI proudly serves more than 50 crore customers across the nation.
During the inauguration, Smt. Sitharaman engaged in meaningful discussions with the bank officials, highlighting the importance of banking services in fostering economic development in rural and aspirational areas. Her interaction underscored the government’s commitment to empowering communities through accessible financial services.
The event was attended by several dignitaries, including Shri Chowna Mein, the Hon’ble Deputy Chief Minister of Arunachal Pradesh, who emphasized the need for robust banking facilities to support local entrepreneurs and businesses. Also present was Shri Tapir Gao, Hon’ble Member of Parliament (Lok Sabha), who acknowledged the positive impact that this new office would have on the community.
Additionally, the Secretary of the Department of Financial Services, along with the Chairman of SBI, was present at the inauguration, showcasing a united front in advancing the mission of the bank to provide essential financial services to all segments of society.
