Financial inclusion in India: The march of banks
Tuesday, January 14, 2014
A large section of people in India are yet to see a bank in their neighbourhood. But the RBI is set to change all that with its financial inclusion plan. Here’s how:
Financial inclusion has been a much debated subject for several years now and, over the last few years, it has gained a lot of momentum. While the issue has been a subject of discussion and development of various financial services industries — banking, capital markets, mutual funds and insurance, pension funds, etc — the last two weeks witnessed at least two reports on financial inclusion.