.........Indian Muslims (with 13.47% share in national population) just share have just 0.78% and 2.2% share in employment with RBI and SCBs..........
........Section 17 (1) authorizes RBI to accept deposits without interest; and section 45 allows RBI to appoint any bank as its agent to execute the work. Section 6 (1) (b) allows SCBs to work as an agent; section 6 (1) (m) allows banks to acquire and undertake the whole or any part of the business of any person or company, when such business is of a nature enumerated or described in this sub- section; and section 6 (1) (o) carries the provision to include new sort of business for banking companies. Section 19 of BR Act 1949 allows SCBs to open subsidiaries for specific business activities. So RBI on behalf of Government of India and the public can appoint any SCB as its agent to execute Participatory Banking......
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