With a wider network of cash in/out agents, you will be able to leverage your existing offices and deliver your financial services to an even broader market with potentially greater efficiency and lower costs. So far this year, we have issued new regulations that significantly broaden business opportunities for rural and cooperative banks.
In the first two months, we approved Circulars 678 and 680 covering Housing Microfinance and the Micro-Agri Loan Product under which banks are able to manage their microfinance operations better, with a more diversified portfolio and lower risk of business loans applied to agriculture or housing.