International Business

Sunil Jain: What inclusion?

- Brokerages, fund houses whet Indian appetite for investments abroad - Any hardening of rates due to govt borrowings a worry: Jindal - 'Challenge is to raise credit flow' - RBI"s status quo, HUL numbers take toll - As it should be - RBI sees recovery, but wary of inflation Sensex flat; Metal, IT stocks gain In other words, a very small fraction of the financially excluded have been brought into the net. According to Skoch, the costs involved in serving the financially excluded are actually quite small compared to the size of the balance sheets of large PSU banks — but since the banks are not bearing the cost but expect the business correspondent to do this, the system is designed to fail.

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