Best of News

Keywords

To go with India-economy-politics-banking,FOCUS by Penelope MACRAE In... News PhotoBanking,Biometrics,Branch,Customer,Economy,Finance,Fingerprint,Horizontal,India,Mumbai,PhotographPhotographer Collection: AFP To go with India-economy-politics-banking,FOCUS by Penelope MACRAE In this photograph taken on August 22, 2014, a banking customer gets his biometric fingerprint scanned to open a bank account at an Oriental Bank of Commerce branch in Mumbai. New right-wing premier Narendra Modi has put India's drive to give bank accounts to all citizens on a war-footing to overcome abject poverty and tackle corruption, but experts say the task ahead is massive. In Western nations, bank branches are everywhere. But banking services in India leave out nearly half the 1.2 billion population, putting poor people at mercy of moneylenders who charge usurious interest for emergency loans for sickness or routine purchases such as buying seeds for sowing. AFP PHOTO/ INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)