BRAC Bank engages with Munda people in the Sundarbans

BRAC Bank has recently organised an 'UthanBoithak', a knowledge-sharing engagement, for Munda people, an ethnic population living on the fringes of the Sundarbans. This community is detached from any formal banking or financial services.
Field officers of Koyra Agent Banking Outlet of Khulna disseminated information about opening bank accounts, the importance of savings and services available at agent banking outlets, said a statement.
BRAC Bank's rapidly expanding alternate banking channel now serves 1.75 lakh unbanked people, mostly in rural and semi-urban parts of Bangladesh. This alternate channel's penetration in rural areas has reached 77 per cent, the highest in the industry. From opening accounts to cash withdrawal, loans to EMI payments, remittance services, and utility bill payments - Agent Banking outlets are now the centres to go for the local people for any day-to-day banking.
BRAC Bank's Managing Director and CEO Selim R. F. Hussain, said: "Our vision is to bring the unbanked under the formal financial umbrella. Our Agent Banking is enabling in bringing in a large population presently out of formal banking services. We believe Munda people will now be absorbed into the mainstream financial system, open bank accounts and start the habit of savings through our Agent Banking channel."