The strategies of banks will need to focus on the following: o  Developing products A uniform banking/financial product for the entire country would obviously not work. Products need to be designed and packaged taking into account local culture, customs, language, literacy and social indicators.
Also, rural households need to be provided credit in a composite way covering all their needs, including life-cycle needs; the traditional crop loans, term loans, housing loans, consumption loans bouquet may not work. Regional offices of banks may need to be delegated with appropriate powers for product design, while ensuring consistency with Board policies.