The challenge of financial inclusion4 min read . Updated: 25 Dec 2013, 06:27 PM IST
A degree of realism is necessary if finance is to benefit India's poor
Inclusion is likely to top the agenda of Indian finance in 2014. Reserve Bank of India (RBI) governor Raghuram Rajan has indicated that financial inclusion will be a key priority. The central bank has constituted a committee headed by Nachiket Mor, which is expected to submit its recommendations shortly. The move by RBI to devise a new framework for issuing bank licences has also been greeted by calls to consider alternative banking models that can target the needy more effectively.
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