..........But the biggest impact would be on extending reach. Expanding financial inclusion requires not merely opening branches and dispensing credit, but actually expanding access to a range of financial services, such as savings and insurance products, payments services, etc., at low cost. In this sense, the new norms seek to ensure that not merely are there more banks, but they are also present in remote rural areas which need banking services. Importantly, financial inclusion is not seen as focusing only on rural poverty but also includes the urban poor................
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.
No comments:
Post a Comment