With just 40% of India’s population having bank accounts, finance minister Pranab Mukherjee on Saturday exhorted banks to do more for financial inclusion. Speaking at the FE Best Banks Awards ceremony, Mukherjee said he expected “the new banks which are going to come would be in a position to effectively compete with existing players and attune themselves with national priorities”. This, the finance minister said, included government schemes for mandated lending, priority sector lending and on financial inclusion.......
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