Central Banking

RBI executive director promotes financial inclusion

Rural scene in India

Deepak Mohanty, an executive director of the Reserve Bank of India, promoted financial inclusion throughout the country in a speech delivered at a Bhubaneswar conference on August 20.

Mohanty believes achieving inclusive growth means bringing the poor and underprivileged sections of society within the banking fold "with a view to improving the well-being of our society". The number of banking outlets in villages with populations of more than 2,000 people trebled between March 2010 and March 2012

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