Wednesday, March 23, 2011

Call for financial inclusion in State

KOCHI: Reserve Bank of India (RBI) Governor D. Subbarao has urged people to strive to convert Kerala into a model State in terms of banking and financial services.  He was addressing a meeting of villagers and representatives of various non-government organisations at a function organised at the government school at Vengoor west village, near Perumbavoor, in Ernakulam district, on Tuesday.  The visit was part of the financial inclusion initiative of the RBI.  The village had been identified as unbanked as per RBI norms.  Mr. Subbarao visited the Financial Literacy and Credit Counselling Centre and the Rural Development and Self-Employment Training Centre, set up by the lead district bank, Union Bank of India, at Perumbavoor. He addressed a meeting there. Earlier, he visited Sree Sankaracharya University of Sanskrit, Kalady, and addressed students and teachers there. Vice-Chancellor J. Prasad, Pro-Vice-Chancellor S. Rajasekharan, Registrar K. Ramachandran and others received him. He gave away prizes to winners in quiz programme.  The RBI Governor will address the Global Working Group of Supreme Audit Institutions, a forum of Auditors General of 19 countries, at Kumarakom on Wednesday.

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