Current Affairs - Banking - Discussion

AU Small Finance Bank announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model. With this MoU, AU Bank will be able to further foster its mission of financial inclusion and greater customer outreach. As per the agreement, the BCs will act as an intermediary between the Bank and the customers in the interior locations where the Bank does not have a presence.