Friday, August 8, 2014

Modi govt to take leaf out of MP CM rural banking book

..........But there were major innovative differences between the RBI's definition of an ultra-small bank and the Madhya Pradesh `samriddhi' banking. The RBI requirement is that an ultra-small bank should have a minimum core banking solution terminal linked to a passbook printer and a safe for cash collection. It could be even a mobile banking system operational from a van or a kiosk. However, in Madhya Pradesh .........

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