Further, to extend the reach of channels for distribution of coins, the services of Post Offices, Urban Cooperative Banks and Regional Rural Banks are being used in view of their wide reach to the members of general public. VI.
A fast-track move towards full nominal convergence and, in particular, towards complete monetary convergence could prove counterproductive in the pre-accession period. •  An important element of structural real convergence is the further development of financial services structures, which were practically non-existent when transition started a decade ago.