..........While issuing guidelines for commercial banks to scale up the BC model, RBI said that insistence by banks on BCs to fully prefund their accounts even after considerably long business relationship has become a major impediment in scaling up operations of BCs. Also, delayed payment of remuneration of BCs and passing on the responsibility of insuring cash to BCs have been proving to be irritants in increasing the usage in large number of bank accounts opened. RBI said that boards of banks must review the operations of BCs ...........
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