Raghuram Rajan comments on why so many Indians are outside of the banking system:
http://qz.com/735834/raghuram-rajan-blames-iit-for-indias-massive-unbanked-population/
I wonder why India can't do what Japan did, and use the postal service for bank deposits?
1 comment:
post office just started accepting deposits. they have set up smart ATMs in urban post offices too. but they are not connected to the full banking network, only to the POS network. good start, of course.
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