TODAY -
RBI to push financial inclusion in NE
The Hindu | PTI | Shillong, Feb 14
Concerned at the slow progress of financial inclusion in North East, the Reserve Bank of India will open offices in all major cities to push banking institutions to cover more people.
Mr Sunder said the RBI would open offices in the State capitals of Meghalaya, Nagaland, Mizoram, Manipur and Tripura. “There are many villages in which people do not have accounts with commercial banks. We want banks to promote them to open no-frills accounts, just to have them included in banking,” Mr Sunder said.
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* This Post uploaded on February 14, 2012
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