RBI to open sub-offices in NE capitals

SHILLONG: Reserve Bank of India will open sub-offices in all the capital states of North-East, starting with Agartala.

RBI Regional Director Surekha Marandi told PTI today the process of setting up the first sub-office in Tripura capital of Agartala is on.

"We are waiting for Tripura government's offer. As soon as the state government allots a building, we will start the process," she said.

The RBI official said the sub-office at Agartala should be ready by the end of this year.

Sub-offices will be set up in other capitals as well in a phased manner, Marandi said, adding that RBI was trying to increase the outreach of banks in the region.