For us to bring costs of financial services down, we need full inclusion. Ladies and Gentlemen: Given the statistics above, as financial sector regulators, we share common aspirations of making the financial sector more stable, efficient and accessible. Though these objectives may at times appear competing, they are for the most part complementary.
Stability is a pre-requisite for efficiency, while both are in turn required to raise inclusion. In cognizance of this, the Central Bank, jointly with other players, has undertaken several initiatives and reforms aimed at boosting overall inclusion. These include:   Licensing of Deposit Taking Microfinance Institutions (DTMs), focusing on the lower end of the market concentrated in rural and peri-urban areas.