Interview with Justice Srikrishna, Chairman, FSLRC

.....The burden of financial inclusion cannot always be thrown on the regulated entities. If financial inclusion means development of the regulated entities to expand the scope of their activities so as to benefit larger numbers, that is legitimate scope of the regulator and can be done by the regulators. If financial inclusion is intended to achieve a social purpose that is not the legitimate scope of the regulator, then it becomes a part of the government’s policy and the government is obligated to compensate the regulated entities which have to carry the additional cost of such financial inclusion.............

Read.........