Tuesday, June 12, 2012

Financial inclusion net to cover more people to curb leakages, generate savings

....The Reserve Bank of India advised all banks to set up low-cost outlets or ultra small branches to act as a bridge between bank branches and business correspondents. These low-cost branches will provide support to 8-10 BC units and have minimum infrastructure like pass book printer, cash retention facility and terminals equipped with modern banking technology. .....

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