Exams › IBPS PO › General Awareness

In which of the following years did the RBI introduce the Banking Correspondent Model to enhance financial inclusion?

1. 2002
2. 2006
3. 1995
4. 2000

Correct answer: 2006

Solution

The Banking Correspondent Model was introduced by RBI in 2006 to improve access to banking services in underserved areas. It became an important financial inclusion initiative.

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