The efforts like setting up of FLCCs are only a small measure considering the gigantic task we have at hand. Whether or not mentioned in the BCSBI’s codes, can we bankers not make a commitment to put financial education and awareness on a mission mode and promise to deliver on our commitments?
Even so, a case could be made for more timely provision of the approvals data that are already collected by FIRB, perhaps publishing them on a quarterly rather than annual basis. Also, more granular data could be provided, such as the number of approvals within broad price brackets rather than just the total value and number of approvals.