sbi: make 30% female banking agents: Sbi | Bombay News

Mumbai: An SBI report called for 30% of the Business Correspondent (BC) workforce to be female. According to the report, while the majority of Jan Dhan Yojana accounts (55%) are owned by women, the use of these lags behind that of men and mostly remains inoperative.
“The participation of women as agents in British Columbia should be strongly encouraged as the network in British Columbia is disproportionately dominated by men due to a host of issues, attributed to socio-economic factors. economics, limited mobility, an unbalanced selection process and educational realities in some pockets of our country,” said the report, authored by SBI Group Chief Economist Soumya Kanti Ghosh.
BCs or Bank Mitras as they are called, act as agents of the bank and provide basic services like deposits, withdrawals and fund transfers for a fee from the bank. Listing the benefits that female BCs would bring, the report states that female agents are less susceptible to malpractice and less prone to commit fraudulent acts. “Because socio-economic barriers impede other paid work alternatives, this ensures that they remain more engaged,” the report says. Their participation would also enhance financial inclusion and encourage other women to participate in financial transactions.
Currently, female officers make up less than 10% of BC’s workforce. The problem is more pronounced in the northern, eastern and central states. The southern states do better on this parameter.

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