Friday, April 12, 2013

Bank Licences: RBI should make financial inclusion an opportunity not an obligation - Janmejaya Sinha

The RBI needs to spur innovative distribution solutions and partnerships with retailers and telcos to extend the last-mile reach cheaply.
..........The RBI should allow the recipients of new licences time to comply with the guidelines as it did to the earlier recipients of bank licences. About 18 months after starting operations should be a fair period for such compliance. Overall, I believe the guidelines deserve our praise..........

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