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Last Mile Banking
Transactions at Location
Access to safe, easy and affordable credit and other financial services by the poor and vulnerable groups, disadvantaged areas and lagging sectors
Providing banking Services in unbanked / under-banked geographical territories; substitutes for the brick and mortar branch of the bank
Banking correspondents were allowed by RBI vide a circular dated 25 Jan 2006; concept stemmed from a report of Shri. H R Khan, Dy Governor of RBI
