Public sector banks/FIs, for example, are more akin to the ‘outsider’ model with separation of “Ownership’ and ‘Management’. Private sector banks/NBFC/Co-ops – much more “insider” models with families, inter-connected entities or promoters running the management. There is some uniformity in the Corporate Governance structure in the “outsider model” consists of relatively large public institutions, and which are also relatively old.
Some of the significant achievements which contributed to the meeting of our agreed targets included: •  the integration of financial education (FinED) into the school curriculum at both primary and secondary levels;  •  the introduction of mobile money;  •  implementation of policies for commercial banks: which included the setup of microfinance units to extend financial services to the poor and low income households and to micro and small enterprises; and branchless banking guidelines for reliable and sustainable delivery of financial services to communities where there is no bank presence;  •  continuous public awareness, financial literacy and community outreach through the national microfinance awards and financial inclusion expositions around the country; and the  •  establishment of financial inclusion indicators and geo-spatial mapping of financial access points for monitoring of coverage and financial inclusion initiatives.