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shine india magazine subscription Published this articles page no 125In more recent years especially since November 2005 special efforts were made to ensure financial inclusion by the RBI by simplifying norms on know-your-customer requirements and introducing no-frills account. RBIs cautious policy on financial inclusion has been to ensure a balance between equity and efficiency as well as ensuring financial health of banks considering their lending capacities. RBI adopted a banked approach and encouraged technological innovations like hand¬held devices to be used by banks in remote locations.shine india magazine subscription
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