BIS central bankers’ speeches  3  these securities, there was an incentive for originators to use, and over-issue, lower-quality assets, knowing that they would earn the origination fees, while the investors would bear the risk.
Noteworthy to mention is that rural banks are the frontrunners in the establishment of microbanking offices (MBOs), which enable banks to set up presence in areas where it is not economically feasible to establish a full blown branch. Out of 540 operating MBOs, 78% are owned by rural banks.