RBI to have independent survey of financial inclusion claims
The Reserve Bank of India (RBI) will soon appoint an external agency to assess the claims of complete financial inclusion in different states of the country.
By PTI |
MUMBAI: The Reserve Bank of India (RBI) will soon appoint an external agency to assess the claims of complete financial inclusion in different states of the country.
"An external agency will provide an impartial check on the quality of coverage of financial inclusion," the apex bank's Executive Diretor V S Das told reporters on the sidelines of a FICCI-organised banking conference here on Wednesday.
Incidentally, the Union Territory of Puducherry and Himachal Pradesh have reported a 100 per cent financial inclusion.
At the regional level, a forum called the State Level Bankers' Committee (SLBC), a group of bankers and government officials and convened by a bank having a major presence in the state, reviews the financial inclusion projects in various states.
"While Puducherry and Himachal Pradesh have achieved a 10 per cent financial inclusion, states like Kerala, Karnataka and Gujarat are making fast progress," Das said.
The evaluation by an independent external agency in this regard will also help RBI to draw lessons for further action in this regard.
"An external agency will provide an impartial check on the quality of coverage of financial inclusion," the apex bank's Executive Diretor V S Das told reporters on the sidelines of a FICCI-organised banking conference here on Wednesday.
Incidentally, the Union Territory of Puducherry and Himachal Pradesh have reported a 100 per cent financial inclusion.
At the regional level, a forum called the State Level Bankers' Committee (SLBC), a group of bankers and government officials and convened by a bank having a major presence in the state, reviews the financial inclusion projects in various states.
"While Puducherry and Himachal Pradesh have achieved a 10 per cent financial inclusion, states like Kerala, Karnataka and Gujarat are making fast progress," Das said.
The evaluation by an independent external agency in this regard will also help RBI to draw lessons for further action in this regard.
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