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competition success review monthly subscription published this article page no 206

Cyber security is another concern in modern banking especially with the era of less cash economy and digitalization of banking transactions. This is attempted to be resolved through various initiatives by the department of information technology in collaboration with institutions like IIT. Financial inclusion through banking is a major thrust of the government with schemes like Jan DhanYojana and DBT. Rural banking is also another area of concern since many areas still remain to be covered by banking services due to inaccessibility. Rural populations are still to a large extent not very comfortable with the banking system partially due to low levels of literacy inaccessibility of banking services etc. These have been sought to be addressed by the government by introduction of Banking correspondents who serve as link between banks and the rural population. competition success review monthly subscription