"RBI has planned that all villages with population more than 2,000 must have access to banking such as through ATMs, business correspondents and rural mobile banking”, Subbarao told students of the Indian Institute of Management-Raipur (IIM-Raipur) during a presentation on the workings of RBI.
"It is a challenge before the RBI to maintain growth and control inflation," he said.
He explained in detail about several functions of the RBI - from printing and distributing currency to acting as monetary authority, regulatory and supervisory body for banks.