'Banking connectivity surges with BC model'
Banking connectivity has jumped from about 67,000 villages in March 2010 to 211,000 villages in December 2012. The country has about 600,000 villages. The rise was largely achieved through business correspondents (BCs) and other alternative channels, not so much through the branch model, Reserve Bank of India data showed. The data was shared by Deepali Pant Joshi, Executive Director, RBI, in a presentation at the International Summit on Skill Development in New Delhi yesterday........
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