.........For years now, the Reserve Bank of India (RBI) has been trying hard to expand banking services in Asia’s third largest economy where, according to a 2012 World Bank working paper, only 35% of adult population has access to the formal banking network. For the first time, in January 2006, the RBI had allowed banks to appoint BCs and address the so-called last mile problem in providing banking services to the masses. The scope of business correspondents has continuously been extended over the years. In the last week of June,.................
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