New Delhi: The government has asked banks to complement physical branches with digital banking infrastructure, including assisted modes and vernacular language availability, for last-mile reach.
Financial services secretary M Nagaraju on Wednesday reviewed the progress of financial inclusion schemes with public sector banks (PSBs) and major private banks.
The finance ministry issued a statement saying that Nagaraju asked banks for expanding their network in those villages identified for branch expansion, especially in the northeastern states.
Nagaraju told bankers to work jointly with the state governments and the respective state-level bankers committee to resolve issues related to infrastructure or network connectivity, it noted. "During the meeting, strategies and way forward for achieving the goals for FY 2026-27 was discussed in detail," the statement noted.
Financial services secretary M Nagaraju on Wednesday reviewed the progress of financial inclusion schemes with public sector banks (PSBs) and major private banks.
The finance ministry issued a statement saying that Nagaraju asked banks for expanding their network in those villages identified for branch expansion, especially in the northeastern states.
Nagaraju told bankers to work jointly with the state governments and the respective state-level bankers committee to resolve issues related to infrastructure or network connectivity, it noted. "During the meeting, strategies and way forward for achieving the goals for FY 2026-27 was discussed in detail," the statement noted.
