Tuesday, August 12, 2014

No differences with government on financial inclusion, says Raghuram Rajan

................Reserve Bank of India (RBI) governor Raghuram Rajan on Sunday, clarified that there has been no difference of opinion between the government and the banking regulator on the implementation of the ambitious financial inclusion scheme – a pet project of Prime Minister Narendra Modi – likely to be unveiled on August 15. The RBI, however, was not in the favour of an overdraft facility of Rs 5,000 per account........


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