Panel set up for financial inclusion

Sep 24 2013, 02:35 IST
Comments 0
SummaryThe committee is headed by Nachiket Mor, member on the RBI’s Central Board of Directors.

The Reserve Bank today announced a 13-member committee, including former Citibank CEO Vikram Pandit and Axis Bank chief Shikha Sharma, to frame a “clear and detailed” vision for financial inclusion/deepening across the country.

The ‘Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households’ has been tasked to develop a comprehensive monitoring framework to track the progress of the financial inclusion and deepening efforts on a nationwide basis, the central bank said.

The committee is headed by Nachiket Mor, member on the RBI’s Central Board of Directors.

It will review existing strategies and develop new ones that address specific barriers to progress and encourage participants to work swiftly towards achieving full inclusion and financial deepening, consistent with the design principles, RBI said.

Ads by Google

More from Business

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...