Monday, July 29, 2013

'Banks have deployed 1.95 lakh biz correspondents till Mar 13'

.........."The BC model allows banks to do cash in-cash out transactions at a location much closer to the rural population, thus addressing the last mile problem. "As on March 31 2013, banks have reported deploying 1,95,380 BCs which covered 2,21,341 villages," Reserve Bank Executive Director Deepali Pant Joshi said recently in a seminar.................

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