The Reserve Bank Wednesday said all rural branches of banks will have to impart financial literacy. This move comes after the central bank found Financial Literacy and Credit Counselling Centres (FLCC) were located in the urban and semi-urban areas. "Banks may consider setting up need based FLCs in other locations as well. Financial literacy activities will also be undertaken by all the rural branches of Scheduled Commercial Banks including RRBs," the RBI said in its guidelines on Financial Literacy Centres (FLCs)...........
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