2.3 Lakh Banking Correspondent Outlets Disappear, Impacting Rural Services

Banking Correspondents (BCs) are like small banking offices in villages that help people with basic banking services.

Recently, a lot of these BCs have closed down, especially in villages.

This is because they don't make enough money to cover their costs.

The RBI, which is like the boss of all banks in India, is looking into this problem.

Without these BCs, many people in villages might have trouble accessing their money or getting government benefits.

The people who run these BCs say the government and banks need to fix the rules to make sure these services can continue.