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Number of banking outlets in villages drops amid financial inclusion push

These numbers echo what the industry says: Feasibility of operations in rural areas is low

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Nikhat Hetavkar
The Centre has been pushing for financial inclusion through its various schemes, but the numbers show a lot remains to be done. The total number of banking outlets in villages, including branches and business correspondents, fell over the previous year. 

These numbers echo what the industry says: Feasibility of operations in rural areas is low. This is because pricing models are not taking into account the higher costs and lower volumes involved in serving rural areas. 

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First Published: Aug 29 2018 | 10:10 PM IST

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