Two basic issues that need to be understood while helping people walk the first mile into financial inclusion are: •  Financial Inclusion programmes should be implemented on commercial lines and not on a charity basis, in order to ensure its sustainability. It is important that banking with the poor is perceived and pursued as a viable business model.
Yet corporate banking responsibility requires that banks deliver 1. efficient services at competitive rates. In view of this, we are working to put in place another piece of infrastructure, the Credit Reporting Bill to underpin the establishment of Credit reference bureaux. The draft bill should be passed into law this year.