.........In recent years, a number of committees have been set up to recommend ways in which financial inclusion can be expedited. Such panels have been headed by, among others, Raghuram Rajan, the current RBI governor, K.C. Chakrabarty, former RBI deputy governor, and Nachiket Mor of the ICICI Bank. These committees have made many suggestions. We were told that micro-finance institutions (MFIs) and self-help groups would be of great help. But some of these institutions got embroiled in controversies and their promoters were considered no different from the typical, avaricious village money-lender. These MFIs could, at best, supplement the efforts of — but hardly replace — the traditional bank...........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment