Business Correspondent Times Of India
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A business correspondent with the times of india in chennai covering technology and telecom businesses and the growing entrepreneurship ecosystem in the country.
Business correspondent times of india. The network of business correspondents has become indispensable for delivering financial services at the last mile across india. According to an rbi data out of 6 lakh villages in india less than 30 000 villages have atms to ensure financial inclusion to the last mile consumers bereft of digital payments or even atms at the least the reserve bank of india came up with the business correspondents bc model in 2006. In light of the covid 19 pandemic our note highlights the challenges bc agents face while providing services in far flung areas with limited access to banking infrastructure.
It was about eating habits in china it referred to the wet markets and the creepy crawlies they eat. It is planning a certification programme to equip them to handle financial products beyond remittances and deposits and contribute to financial inclusion. There is a need to multiply the business correspondent network by at least two times of what we have today.
Business correspondents are retail agents engaged by banks for providing banking services at locations other than a bank branch atm. There are about 8 lakh bc agents serving pmjdy pradhan mantri jan dhan yojana and. Get daily updates for bse sensex share price stock markets bse nse nifty business news on various sectors and.
Read top news in india and around the world on times of india. Check latest updates on business finance and economy from across the world. The number of atms.
Bcs enable a bank to provide its limited range of banking services at low cost. Reserve bank of india has called for the strengthening of the business correspondent model to improve quality delivery of financial services in remote areas and arrest fraud. On january 28 i wrote an op ed apocalypse chow.
Business correspondents are hence instrumental in facilitating financial inclusion in the country.
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