...........The priority in banking today must be financial inclusion. On a variety of measures, India lags behind other emerging markets on financial inclusion. We need to extend banking services to underserved segments in both the urban and rural markets. We need players who can demonstrate that inclusion is compatible with financial viability. If this is accepted, the appropriate criterion for awarding new bank licences falls into place. We do not need more banks that will focus on retail lending and working capital finance, while nominally meeting the stipulation of having 25 per cent of their branches in unbanked areas. Bank licences must be issued to those who can convince the RBI that they can use innovative business models to achieve financial inclusion............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment