Friday, August 8, 2014

Sampoorn Vittiyea Samaveshan: RBI, NDA not on same page over financial inclusion

..........Top government sources told ET that the Reserve Bank of India (RBI) was in disagreement with three critical elements of the drive. For one, RBI has categorically stated that a Rs 5,000 overdraft "may not be allowed" for the 7.5 crore new bank accounts that the Centre is keen to open in the next year as a part of the financial inclusion drive. While the dispensation is recommending 



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