Driving Viability for Banks and BCs

• by Puneet Chopra
• Nov 11, 2011
• 1 min
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This Note examines various enabling factors that can accelerate profitability for the banks and viability and sustainability for the BCs.

“Business Correspondent (BC) model is quite often considered onerous by banks and is taken as a burden thrust on them by the regulator and policy makers. Low-income consumer segments, BCs as service providers, No Frills Accounts (NFAs) and bank’s portfolio of products are viewed in isolation of one-another and not as pieces of the same puzzle that, if put-together appropriately, can address the wide ranging financial needs of the low-income unbanked or under-banked.

This Note examines various enabling factors that can accelerate profitability for the banks and viability and sustainability for the BCs.”