October 18, 2013

New Bank Licenses - The Road to Financial Inclusion?

Posted by Vineet Malpani (View Profile | View All Posts) at 5:37 AM

One look at data pertaining to the penetration of formal banking services in India, and the need for financial inclusion becomes crystal clear. That's why financial inclusion is the cornerstone of the Reserve Bank of India's (RBI) initiative on new bank licenses. But has the regulator laid down the perfect norms to achieve this goal? This remains a question worth debating.

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