Banking the unbanked: India's credit dilemma
As India seeks to hand out new bank licences, establishing data on banking behaviour in rural areas is critically important.
On July 1, the Reserve Bank of India (RBI) announced that 26 companies had applied for licences to set up banks in a bid to expand access of financial services in a country where more people have mobile phones than bank accounts. We expect to find out the winners next year.
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