......Notwithstanding India’s past attempt with Local Area Banks and Urban Cooperative Banks, it refers to similar recommendations of the Committee on Financial Inclusion (Rangarajan Committee, 2008) as well as the Committee on Financial Sector Reforms (Raghuram Rajan Committee, 2009), and puts forward the idea that such small localised banks have a pivotal role to play in financial inclusion and that this must be revisited as an important policy imperative. While specific questions need to be tackled, such as .........
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