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FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024

Union Finance Minister Nirmala Sitharaman has urged Regional Rural Banks (RRBs) to onboard rural customers to digital services such as Internet Banking, Mobile Banking, and UPI.
Finance Minister Nirmala Sitharaman has urged Regional Rural Banks (RRBs) to ensure that all their customers are onboarded to digital banking services, including mobile banking, by December 2024. Speaking at the 67th meeting of the Board of Directors of the National Bank for Agriculture and Rural Development (NABARD), Sitharaman emphasized the importance of digital transformation in rural banking to enhance financial inclusion. She highlighted the need for RRBs to adopt technology to improve efficiency, reduce costs, and provide better services to rural customers. Additionally, she stressed the importance of capacity building, better governance, and the adoption of technology to ensure that RRBs remain competitive and relevant in the evolving financial landscape.

Read the Full Zee Business Article at:
[ https://www.zeebiz.com/personal-finance/banking/news-fm-sitharaman-urges-regional-rural-banks-to-onboard-customers-to-digital-services-like-mobile-banking-by-dec-2024-329755 ]


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