Financial empowerment is not only about financial inclusion but it also means financial literacy. The deputy governor of Reserve Bank of India, Usha Thorat said on Friday that spreading financial literacy among the rural masses is the need of the hour. There lies huge potential in the rural parts of the country, but then it needs to be tapped, she added. ďWe have got 45,000 rural branches out of which 15,000 are in rural regional and public sector bankings are trying to increase their bases in the rural areas in collaboration with rural and rural regional banks, still a lot more was required on the front,Ē she mentioned. RBI deputy governor, Shyamala Gopinath said that clearing and setting mechanism has mitigated risk in stocks and forex market products. Interest rates risk derivatives are also being worked out. Efficient post trade mechanism will provide the transparency, which is the need of the hour.