The Reserve Bank of India (RBI) has suggested to banks in Dharwad district to have a Financial Literacy and Credit Counselling Centres (FLCC) at each Blocks. Mr R. Ramachandran, Manager, RBI- Bangalore, while reviewing the performance of banks in the district under Financial Inclusion Plan (FIP), advised the banks that just designating business correspondents (BCs) does not serve the purpose of FIP. “There should be full-fledged implementation of FIP by operation of biometric cards,” Mr Ramachandran said.
HBL
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