RBI spreads its wings in northeast Indian states of Manipur and Mizoram

NewsGram Staff Writer

New Delhi: Boasting of having offices in five of the seven northeast states, the Reserve Bank of India (RBI) declared on Saturday that it has opened two sub-offices in the states of Manipur and Mizoram.

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

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," the statement further 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 inputs from IANS)