TIL Desk/Business/New Delhi/ Reserve Bank Governor Shaktikanta Das on Wednesday cited the need for a greater focus on the penetration of sustainable credit, investment, insurance and pension products by addressing the demand side constraints with enhanced customer protection.
In his keynote address at the webinar on ‘Investing in Investor Education in India: Priorities for Action’ organised by NCAER, he said: “Financial inclusion in the country is poised to grow exponentially with digital savvy millennials joining the workforce, social media blurring the urban-rural divide and technology shaping the policy interventions.”
“Going forward, harnessing the near universal reach of bank accounts across the length and breadth of the country, there needs to be greater focus on the penetration of sustainable credit, investment, insurance and pension products by addressing demand side constraints with enhanced customer protection.” According to the RBI Governor, the interventions in financial education would have to be customised (local language and local settings) keeping the different target audience in mind.
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