It is both strength and opportunity for cooperative banks to further financial inclusion in the country. In one of the recent speeches, Mr Anand Sinha, Deputy Governor of Reserve Bank of India (RBI), said that many artisans, migrant labours, small businessmen, retailers etc in semi-urban and rural areas of a number of un-banked and under-banked districts in the country find it difficult to join the formal financial sector and make use of various opportunities. He had suggested that urban cooperative banks (UCBs) take a lead in bringing them to banking network on social and economic grounds...............
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