RBI’s Sinha: Financial inclusion can be profitable for banks

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Anand Sinha, a deputy governor at the Reserve Bank of India, on January 6 said inclusive growth with financial stability cannot be achieved without ensuring universal financial inclusion.

At the launch of the Financial Inclusion program of Cosmos Bank in India, Pune, Sinha said: "Banks need to perceive financial inclusion as a profitable business model and not as an obligation. This would be possible only if banks strive towards offering more and more credit products to customers captured as

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