MUMBAI — Beneath the veneer of resilient consumption figures, a profound economic anxiety is quietly taking root across India’s rural and semi-urban landscapes. According to the Reserve Bank of India’s (RBI) Rural Consumer Confidence Survey (RCCS) for September 2026, rural households are growing increasingly pessimistic about the macroeconomy, job opportunities, and their personal income growth. […]
Bridging India’s Financial Divide: How Business Correspondents Are Redefining Rural Banking and Last-Mile Inclusion
NEW DELHI — In the sprawling landscape of India’s modern economy, the traditional brick-and-mortar bank branch is no longer the sole anchor of financial services. Behind the grand facades of urban banking institutions lies a vast, decentralized army of grassroots financial intermediaries quietly transforming the country’s economic geography. Known as Business Correspondents (BCs), these authorized […]