The Business Correspondent Federation of India (BCFI) has appealed to banks and local authorities to help agents have safe and easy access to cash to extend essential financial services to customers. Finance minister Nirmala Sitharaman has appreciated in a tweet the services rendered by bank mitras and business correspondents across the country and requested all states to remove restrictions in their movements.
RURAL ATM ACCESS
Sasidhar Thumuluri, chairman, BCFI and MD & CEO, Basix Sub-K iTransactions, says the 21-day lockdown announced by the prime minister had severe impact in rural areas as far as financial transactions are concerned. He explains “The new stayat-home appeal has not just panicked grocery orders, but it has also rendered a big question mark on access to essential financial services. The situation is even worse in rural India with limited access to primary banking services such as cash withdrawal, money transfer, etc.”
This story is from the April 2020 edition of Banking Frontiers.
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This story is from the April 2020 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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