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The document discusses business correspondents (BCs) and business facilitators (BFs) which were introduced by the Reserve Bank of India in 2006 to expand financial inclusion. Approximately 15-20 banks have piloted the BC model with public sector banks like SBI and private banks like ICICI and HDFC taking the lead. BCs can conduct transactions on behalf of banks while BFs can refer clients and facilitate transactions. The BC model provides doorstep banking and better access to the unreached but operational i

Author

Pritesh Vadera

Language

EN