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Digital push slows down banks' branch expansion plans

Digital push slows down banks' branch expansion plans
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years. The government’s digital push, the rising use of technology in back-end processes, and the growing market for financial technology products, have changed the banking landscape. The Reserve Bank of India’s May 2017 guidelines shifted the focus from branches to banking outlets, which include banking correspondents along with branches. The revised guidelines work ...
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