.......“To
ensure that the banks give adequate attention to financial inclusion,
they must view this as a viable business proposition rather than as a
corporate social responsibility or a regulatory obligation. For the
business to remain viable, it would be important to focus on increasing
usage of existing banking infrastructure,”
said KC Chakrabarty, Deputy Governor of RBI, and one of the vociferous
proponent of financial inclusion for several years. Any banker, of
course in private, will tell you how ridiculous these rules are and how
much time they have to spend to overcome these, rather than fulfilling
them. Public sector banks are the ones who have borne the brunt of these
rules. In the process,..........
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