As at the end of September 2011, as reported by the State Level Bankers’ Committees of various states / Union Territories, banking outlets have been opened in 42,079 villages across the various States in the country. This comprises of 1127 branches, 39,998 BCs and 954 other modes like rural ATM, mobile van etc.
There is an interesting issue which begins to emerge from the first correspondence coming from the Financial Stability Board which gives the impression that their mandate includes the cross-border activities of firms. It seems important to clarify whether theirs is a mandate which extends beyond banks to the wider corporate world.