..........Thus, the telecom operator acts like a banking correspondent-as per rules set by the Reserve Bank of India (RBI), within a 30 km radius of a branch in rural areas and 5 km in urban areas. It's a symbiotic relationship. Telcos need banks for accounts; banks need telcos for reach- there are 90,000 bank branches, while Airtel alone has 1.6 million outlets.........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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