Govt asks banks to open 15,000 branches in FY21

RBI data on financial inclusion suggests that including regional banks’ outlets in rural locations reached over 52,000 at the end of March 2019, a growth of mere 3% over 2018. For banks, a branch in a metro city becomes profitable in two years, while a rural branch breaks even in four years.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2QX2z7F