Banks have to make effective use of technology to provide banking services in remote areas. In addition to creating a large network of small branches in rural areas, the Reserve Bank has permitted banks to utilise the services of intermediaries in providing banking services through the use of business correspondents.
7  Already the announcement of the program before any purchases were carried out was positively accepted in the market and lead to a wave of new issuances and lower spreads. BIS Review 90/2009  3  However, confidence indicators hint to subtle signs of improvement at very low levels.