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Banking penetration increased significantly during 1972-2022 period: RBI Deputy Governor

Banking penetration increased significantly during 1972-2022 period: RBI Deputy Governor

by AIP Online Bureau | Nov 1, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

Michael Debabrata Patra,Deputy Governor, Reserve Bank of India There is one commercial bank branch for every 9,000 citizens now from one branch for 40,000 citizens in 1972. Banks today operate around 2.25 lakh customer service points, including over 1.75 lakh ATMs. In...

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