The Rangarajan committee on financial inclusion will soon submit its final report. The panel has already submitted its interim report to the government.
At the sidelines of a Ficci-IBA joint conference on global banking, C Rangarajan, chairman of the Economic Advisory Council to the Prime Minister told reporters that the committee will soon give its final report. ?Any perceptible change in financial inclusion will have its impact,? he said.
Addressing the gathering at the conference, Rangarajan said that the organised banking system, despite the impressive branch expansion in rural and semi-urban areas, had not penetrated enough. ?The exclusion is estimated to be between 50% to 70%,? he said.
The government has constituted a committee on financial inclusion in June 2006 under the leadership of Rangarajan. The committee was expected to give its report by November, 2006. But it was able to submit only an interim report.
