What did the RBI suggest banks to enhance currency - TopicsExpress



          

What did the RBI suggest banks to enhance currency distribution? RBI has said that services of business correspondents could be used for distributing banknotes and coins. Their services could also be used by banks for follow-up for recovery, disbursal of small value credit and collection of small value deposits. As per the notification by RBI, NGOs, micro-finance institutions, section 25 companies and post offices, among others, could act as business correspondents.
Posted on: Fri, 13 Sep 2013 12:32:39 +0000

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