Friday, October 15, 2010

RBI ALLOWS 'FOR PROFIT' COS TO ACT AS BANK BUSINESS CORRESPONDENTS

In a bid to give a fillip to financial inclusion, the Reserve Bank of India allowed banks to engage
the services of 'for profit' companies as business correspondents (BCs). However, non-banking
finance companies are not permitted to act as BCs.

0 comments:

Post a comment