FM asks PSBs to tap rural markets

Jul 07, 2010 |

New Delhi

The finance minister, Mr Pranab Mukherjee on Tuesday has asked banks to tap the vast opportunity provided by the semi-urban and rural markets by converting savings in these areas into financial assets.

“I advise banks to transform savings from the semi-urban and rural markets into financial assets through effective financial inclusion,” Mr Mukherjee told the chief ministers of the northern states and PSU bank heads on Tuesday.
The finance minister said the financial sector is growing at a fast pace and provides growth opportunities unparalleled and unmatched by the mature financial markets around the world.
He said with the improvement in the banking technology, efforts to spread banking activities in all other sectors will help increase the customer base of banks. — PTI

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