Business Daily from THE HINDU group of publications Sunday, Jun 17, 2007 ePaper |
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Money & Banking
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Trends States - Kerala Kerala set to achieve 100% financial inclusion Our Bureau
Thiruvananthapuram June 16 Kerala will be declared a "total banking state" by June 30 with every family having at least one bank account. This is in tune with the Reserve Bank of India guidelines for ensuring total financial inclusion in all the districts of the country. In September 2006, Palakkad in Kerala had become the first district in the country to achieve the status of a `total banking district'. According to a statement from the State Level Bankers' Committee, the unique distinction in the offing has been made possible through a massive campaign by all the banks, including those in cooperative sector, operating in the State.
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