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‘Banking products should match rural development’

Our Bureau

Mangalore, Feb. 25 The product innovations in the banking sector should match with the rural development, according to Dr Krishna Kothai, Director of Centre for Rural Studies, Manipal.

Inaugurating a workshop on ‘Innovations in banking’, organised by the Corporation Bank Chair in Bank Management at the Mangalore University here on Monday, he said that it is now time to have a re-look at products and innovations in the banking sector. “There must be a match between products and what it happening in rural areas,” he said.

Presiding over the workshop, Dr K. Sundar Naik, Registrar of Mangalore University, said that technological infrastructure has become indispensable to the reforms process in the banking system with gradual development, sophisticated instruments and innovations in market practices.

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