INSUBCONTINENT EXCLUSIVE:
RBI Governor Shaktikanta Das: Financial inclusion will be key focus area in post pandemic timesStressing on the significance of financial
inclusion, especially in the aftermath of impact of the second wave of the Coronavirus pandemic, Reserve Bank of India Governor Shaktikanta
Das on Thursday said that the central bank's focus will now be on identifying customers, covering the last mile and providing relevant
pertaining to vulnerable segments of economy and population, and at the same time giving attention to consumer protection.He said that in
of over-indebtedness of micro finance borrowers, enable market mechanism to rationalise the interest rates, and empower the borrowers to
the credit flow at low costs, which would include lowering of policy rates, launching of liquidity schemes and distributing it through
financial institutions to resolve stressed loans of both small and medium enterprises as well as individuals.Ensuring transparency in loan
said that the central bank will also concentrate on developing payment acceptance infrastructure in smaller cities and towns as well as in
and it will be made a part of curriculum in schools.Elaborating on the growing reach of digital coverage, Mr Das quoted figures and said
transactions took place per day digitally on an average in June 2021
These transactions ammounted to nearly Rs 4.5 crore per day, the RBI chief informed in his 30-minute address.
