Thursday, October 20, 2011

SAD STATE OF INCLUSION - Government banks are not right for developing rural finance

.... The Reserve Bankers talk ponderously about new technologies such as mobile banking and mini-ATMs and cost-saving innovations like business correspondents. But despite their goading, government banks have not developed a profitable model of rural banking; so they will do as little as they can to expand into villages. And the RBI will continue to boast about their modest achievement.....

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