Indian president calls for banking for all

来源:百度文库 编辑:神马文学网 时间:2024/04/30 15:12:08

Indian president calls for banking for all

08:25, December 24, 2010      

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Indian President Pratibha Patil Thursday called on banks to make their services available to all, saying only 45 percent people in this country has access to bank accounts.

"Banking services should be made available to all. No doubt the banking system in the country has grown but it has enormous possibilities of expansion, considering that it is still to reach the unbanked areas," Patil said at a ceremony of a nationalized bank in financial capital Mumbai. "Currently, just about 45 percent of the Indian population has access to bank accounts, and there is a low ratio of one bank branch for 16,000 people," she said.

Expressing concern over the low banking coverage of the large population living in 600,000 villages in India, the president said, "All these facts indicate the extent to which and the many areas where banks can make a difference."

"Initiatives like the UID (Unique Identification) project will go a long way to ease the concern of banks pertaining to basic information about their customer and thus giving a boost to banking inclusion," she said.

Source: Xinhua
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