......So let us stop making fuss of the credit policy or its supposed failings. It’s time now that RBI needs to improve on making the formal source of credit available to common people easily. The Reserve bank should now make the most of the opportunity offered by Aadhaar-based cash transfers so as to enable a full-fledged mobile banking across the country. Also they need to implement new licenses between the banks and the phone companies so that the method of formal finance reaches any and every body across the Indian Territory. Not only this, RBI should take steps so as to make policy rates more relevant to more people.
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