-Panel pushes for banks in rural areas to help the un-banked.
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.
[Editorial queries for this story should be sent to email@example.com]
((Distributed via M2 Communications - http://www.m2.com))