In evaluating compensation proposals for wholetime directors and CEOs of private sector banks, the Reserve Bank is guided by relevant factors such as the performance of the bank, compensation structures in the peer group, industry practice and regulatory concerns, if any.
The vendors with accounts saved at a higher rate and invested 60 percent more in their businesses relative to those who did not have accounts.2 Similarly, women-headed households in Nepal ultimately spent more on nutritious foods and education when they received free savings accounts relative to those who did not.3 Using account access as a proxy for financial inclusion suggests substantial progress has been made.