Thursday, April 12, 2012

Low-cost bank branches under lens

TELLER TALES
* Performance parameters like opening of new accounts, deposits and advances and loan recovery would be examined
* Move to ensure financial inclusion drive is not restricted to meeting branch opening targets
* Customers at low-cost branches are to be serviced by banking correspondents, doing cash transactions where the population lives
* In 2006, banks were first allowed to adopt the BC model for delivery of services in unbanked and under-banked areas

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