October 15, 2015 10:48 PM

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Central Board of RBI meets for 1st time in Aizawl

The Central Board of Reserve Bank of India(RBI) met for the first time in Aizawl on Thursday.Dr. Raghuram G. Rajan, Governor, RBI, chaired the meeting.The Board reviewed the current economic situation, global and domestic challenges and policy responses.Addressing a press conference in the evening, Dr. Raghuram G. Rajan said, RBI is striving for financial inclusion of all remote areas by increasing banking penetration.He also said, RBI will try to work hand in hand with the state government and banks to improve Horticulture, Agriculture, skill development and Handloom in the state.In the afternoon, Mizoram Chief Minister Mr. Lal Thanhawla and and Dr. Raghuram G. Rajan inaugurated the Reserve Bank's sub-office in Aizawl. The bank will have financial inclusion and Development Department, Consumer Education and Protection Cell, Market Intelligence Unit and Human Resource menagement Department.Later, the Governor of RBI also had a one-to-one meeting with the state Chief Minister and discussed issues like high interest rates being charged by some non-banking finance companies and feasibility of opening foreign exchange counters at Lunglei and Champhai in order to boast border trade.

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