The RBI has since the last decade addressed these asymmetries through macro policy interventions: 1. Branch expansion With a view to increasing banking penetration and ensuring financial inclusion, domestic commercial banks, both in the public and private sectors, were advised to draw up Boardapproved Financial Inclusion Plans (FIP) with a view to rolling them out over the next three years.
The same were submitted to the Reserve Bank. Banks were advised to devise FIPs congruent with their business strategy and comparative advantage to make it an integral part of their corporate plans.