New Delhi, August 06: Finance Minister Pranab Mukherjee today admitted that a number of banks were not following RBI guidelines on opening of no-frills accounts and said a mechanism will soon be developed to involve people’s representatives at state level meetings with banks so that they are able to take up their issues.
Mr Mukherjee informed the Lok Sabha during Question Hour that there have been complaints on banks not giving zero balance facilities in the rural areas.
The Finance Minister said he has asked banks to give an action plan to address their grievances.
–Agencies