India on verge of paradigm change in financial inclusion: Raghuram Rajan (Part 2 )

Last Updated: Nov 06 2015 | 7:05 PM IST

New Delhi, Nov 06 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said India is on the verge of paradigm change in financial inclusion. While mentioning the commission charged by the banks for their services, he said it is important for the banks to make the customers aware of the KYC (Know Your Customer) services and make them more accessible. Rajan, who was addressing the Economic Conclave 2015, further mentioned the biggest game changers of the banking and finance sector and said payment banks and online market shall pave the way for financial inclusion. He said the online market opens various avenues to bridge the gap between the domestic small producers and the global market.

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