.....“Fifty percent Indians still don’t have a bank account. How do you allow this 50% to be part of the economy? You thus have a revolution of demand. How will you ensure that they can avail of banking services? How will you use technology to reach out to them and at the same time give a better and more user friendly experience - that is the biggest challenge and opportunity facing the Indian banking industry,” said Dr Deepali Pant Joshi, Executive Director, Reserve Bank of India (RBI)...........
Read.........
1 comment:
As long as banks indulge in showmanship and hypocrisy to show to the RBI they had 100% coverage of financial inclusion villages and progressively deny the well-meant schemes to help the poor but bankable, the situation would not improve. Banks know the language of law and money well. So regulators must speak to them in the language they understand and the consequences of which they fear.
Post a Comment