Hello English
Banking sector more responsive to people's needs
Language : hindi
Business . Difficult
08-03-2016 08:06:19 .
Read the article and answer the questions given below
 major change taking place in India's financial system is the greater responsiveness of the formal banking sector to the articulated needs of the population, the government said on Tuesday. 
 
"The culture is changing in India and th ere is greater responsiveness to the articulated needs of the people, Financial Services Secretary Anjuly Chib Duggal said while addressing the opening of South Asia conclave on Financial Inclusion here organised by the Microfinance Institutions Network (MFIN). 
Noting the recent banking licenses granted by Reserve Bank of India to Bandhan Bank and other small financial institutions, Duggal outlined the scenario for the future in the sphere of reaching finance to the "last mile" and the needy towards supporting their growth. 
"We're looking, in time span of three to five years, at hybridisation of delivery points, at high touch banking institutions, with microfinance institutions being among them, she said. 
The secretary said that "borrowers" of microfinance, 99 percent women, are now being referred to as such, and no longer as "beneficiaries", because they come with concrete business plans. 
"We're looking at realignments in the banking sector, we're looking at chemists as banking points, she said, pointing out that recent banking license had been granted to pharmaceutical company. 
OTHER NEWS
Nalini granted one-day parole
Nagaland and Mizoram have kept women away from legislatures
When royalty cooks, it's time to eat like a king (Foodie Trail)
Nine designers to showcase modern Indian designs at AIFW finale
Daily calls for better Pakistan-India ties
DIFFICULT WORDS
responsiveness pharmaceutical hybridisation beneficiaries realignments microfinance institutions articulated supporting population
Now answer these questions and win coins
Q1
0 Win coins
Q2
0 Win coins
Q3
0 Win coins
Click on any word to find out its meaning