Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>RBI Governor Highlights Tech's Role in Boosting Financial Inclusion; Calls for Simplified KYC and Better Mobile Banking.</h1> The Reserve Bank of India's Governor highlighted the potential of technology to enhance financial inclusion in India during a keynote address. He emphasized the importance of collaborating with the ICT industry to develop a technology-driven financial sector that reaches underserved populations. The focus should be on broadening financial services access, deepening existing services, and enhancing financial literacy and consumer protection. He discussed the challenges of current Know Your Customer (KYC) norms and the need for simplified processes. The speech also addressed the potential of mobile banking, payments infrastructure, and innovative financial products to improve access to financial services, especially for the poor and small businesses.