Banks should open 25% branches in unbanked areas: RBI

….."At RBI we have said at least 25 percent of all the branches opened in a given year should be opened in unbanked areas with population of less than 10,000," RBI Governor D Subbarao told a state-level conference of bankers Wednesday. "I hope that prescription would be complied with (by all the banks). It should be done in consultation with state government," the Governor further said while referring to financial inclusion and awareness drive……

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