RBI model to provide banking services in remote areas

The model would be ideal for northeastern states like Tripura, a state full of terrains and scattered population, said Usha Thorat RBI deputy governor here in a seminar.

Under the model, post offices, cooperatives, NGOs, financial institutions, self help groups, retired employees of state or central government may act as an agent of the banks and provide services to people.

Thorat said any significant breakthrough in financial development could be achieved if the state government and bankers work together and identify the issues properly.