As part of its plans to provide access to banking facilities to more people, the Reserve Bank of India (RBI) was working on a three-year financial inclusion plan, said Uma Shankar, Regional Director of the bank. Addressing a meeting of senior officials of the Karnataka Vikas Grameena Bank (KVGB) here on Wednesday, Ms. Uma pointed out that even 40 years after bank nationalisation, 60 per cent of the population had no bank accounts and many did not get loans. The RBI aimed at including every citizen in the country's banking system, she said. “Where branches cannot be opened, RBI has asked banks to engage business correspondents, moving with biometric devices, to extend banking services to all adults,” she said. “The RBI plans to bring the entire population within the banking fold by 2015. Even villages with a population below 2,000 should get banking facilities,” she said. Vasudev Kalakundri, General Manager KVGB; G. Ramanathan, General Manager, SyndicateBank; A.K. Bhattacharya, General Manager, RBI; and Muralinath Gupta, General Manager, KVGB were present.
HBL
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