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-Panel pushes for banks in rural areas to help the un-banked.

Global Banking News-April 23, 2013--Panel pushes for banks in rural areas to help the un-banked(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 23 April 2013

An Indian parliamentary panel has stated that banks should open branches in rural and un-banked areas to promote financial inclusion.

The committee said that brick and mortar branches would be sustainable in sparse and un-banked areas. It further said that such branches should be treated as service centres and not profit centres.

Banks, and public sector banks in particular, should be provided maximum support to open branches in such areas, the committee recommended.

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Publication:Global Banking News (GBN)
Date:Apr 23, 2013
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