Finance Minister Parnab Mukherjee has said that financial stability is an integral part of policy objectives and added that much more was needed for financial inclusion.
Mukherjee fells the cost of banking intermediaries in India is very high and said that bank penetration is limited to only a few segments and geographies. Accessibilty to affordable financial services is very important , he said. Mukherjee announced that the government was trying to address this issue with the Reserve bank of India.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
