Friday, December 7, 2012

De-jargoned: Business correspondent

....According to guidelines issued by the Reserve Bank of India (RBI), various entities including non-governmental organizations and microfinance institutions registered under the Societies Act or Indian Trusts Act, societies registered under the Mutually Aided Cooperative Societies Act or the Cooperative Societies Act of States, post offices or various other individuals who qualify the RBI criterion can become BCs........

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