BCs are cost-effective for lenders, can now perform a host of banking services, and enable lastmile reach, which is mandated by the Reserve Bank of India (RBI).
"We are looking at BCs as a subsidiary. Around 951 branches (BCs) are there from the subsidiary, of which we identified around 800 where there's a possibility of raising term deposit or savings account with a fair amount of balance," RBL Bank MD and CEO R Subramaniakumar said.
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