Thus, RBI guidelines provide sufficient flexibility to mitigate the impact of the delayed projects on the financial position of the banks. 26. The RBI has also allowed the banks to finance long term projects with an option to refinance them periodically.
Indeed we are at the forefront in the Pacific for mobile money transfers and hopefully we will prove to be successful “guinea pigs”. Both Vodafone’s M-PAiSA and the Digicel Mobile Money are making good progress in extending financial services to the remote and under-served communities.