In continental Europe, this reform has been induced largely by the need to converge to sound macroeconomic policies as signalled, in particular, by the best macroeconomic regimes that were available in the Continent. The process has been successful, both historically – comparing performances before and after monetary union [Figure 1b] – and in cross-section.
With an objective of ensuring uniform progress in provision of banking services in all parts of the country, banks were advised to draw up a roadmap to provide banking services through a banking outlet in every unbanked village having a population of over 2,000 by March 2012.