Meghalaya Rural Bank – 11 Branches go Online Simultaneously on Same Day

The Meghalaya Rural Bank created history in the banking sphere in the state of Meghalaya as Hon. Chief Minister Dr MukulSangma, inaugurated 11 new branches online, simultaneously on the same day and at the same time. C-Edge received invaluable appreciation from the Hon. Chief Minister for their technology support which has enabled MRB to serve the remote areas of the State andfulfil its policy of financial inclusion. Mr.MukulJeishi, Chairman of MRB also thanked Mr. K Krishna Kumar, CEO – C-Edge Technologies, Mr. Sunil Pillai , Head of Account Management and Operations andMr. Jay Shah , Project Managerfor the untiring efforts extended by entire team in changing the landscape of banking industry in Meghalaya. On 20th December, 2013, Meghalaya Rural Bank (MRB) launched 11 new branches at the State Convention Centre in Shillong. Ranked as one of the best rural banks in the country, all their 11 branches were opened on Real Time basis with both, Connectivity i.e. Primary (VSAT) and Secondary ( by VPN- Dongle) and also delivered the VSAT to all the site. Out of 11 Branches, 3 Branches belonged to Chief Minister’s area. The Chief Minister appreciated the technology support by C-Edge especially since Meghalaya is ridden with inclement weather which normally gives rise to connectivity issues. Cheerapunji which receives the highest rainfall in India falls in this region. “Yet, with the help of C-Edge as ourtechnology partner we crossed this hurdle very smoothly,” said Mr.MukulJeishi, Chairman of MRB . C-Edge has enabled MRB to become fully CBS-compliant, and offer ATM, RTGS and NEFT facilities to its valued customers.On this momentous occasion, the august assembly of dignitaries included – Chief General Manager, RBI, Shillong, Chief General Manager, SBI, LHO, Guwahati , General Manager (NW-I), SBI, LHO, and Guwahati General Manager (NW-II), SBI, LHO, Guwahati amongst other luminaries.The eleven branches opened included 3 in East Khasi Hills District, 3 in West Garo Hills, 2 in RiBhoi, 2 in Jaintia Hills and 1 in West Khasi Hills District. With this, the MRB has in total 87 branches operating in the state. About MRB:MRB is the second largest banking network in the State and has three branches at Garo Hills and East Khasi Hills districts, two each at Jaintia Hills and Ri-Bhoi districts and one at West Khasi Hills district. The Bank is headquartered in Shillong and has 87 branches in total. The volume of business handled by the Bank is in the vicinity of Rs 1,500 crore and the number of accounts serviced around four lakh. The Bank serves more than 600 villages and small towns of the State and its credit-deposit ratio stands as 44 per cent.