Banking the Unbanked – Abha Anand, General Manager FI, Union Bank

• 25-09-2014 12:53:43
• Banking and Finance

Ms. Abha, addressing the delegates at FIPS 2014 appreciated the efforts of RBI and Indian Banks for opening 1.5 crore bank accounts on the very first day of PMJDY scheme. However, she emphasized on the fact that merely opening a bank account is not sufficient enough unless it has enough money to carry out necessary business transactions of the banks.
Another important advantage offered by Financial Inclusion scheme is to carry out various DBT schemes of Government of India through them.