Tardy lending performance raises concern at bankers' meet

.....The RBI Regional Director Uma Shankar said that to make financial inclusion meaningful it is necessary for banks to actually lend to people who have been given new accounts. “Only a small portion of the villages with a population of more than 2,000 persons have been provided with credit facilities,” Ms. Uma Shankar noted. She also urged banks to review and monitor the functioning of banking correspondents appointed by banks. “Banks need to ensure that the conduct of their correspondents does not affect their reputation,” she said............

Read -The Hindu