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Dec 22, 2012
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Everyone has right to banking, says FM
Ahead of the rollout of Aadhaar-enabled direct benefits transfer scheme on January 1, 2013, finance minister P Chidambaram said like education, work, food and speech, banking services are right of every individual.
“Banks are not doing a favour by providing services such as educational loans and loans to self-help groups, but are only doing their duty. People have a right to get services like loans from a bank,” the minister said on Friday speaking at the Central Bank of India’s 102nd Foundation Day function. He said banking does not mean just taking deposits from individuals and institutions and lending to big companies, but it means reaching out to every section of people in the country. “This (public sector banks reaching out to every corner of the country) became possible only after we nationalised banks,” the minister said.
Source -
http://www.financialexpress.com
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