India reaches almost total banking reach with 99.92% of villages covered
The government announced that India has reached near-complete banking penetration, with 99.92% of populated villages now having a banking service point within a 5 km range. Officials noted that this growth is backed by a strong network consisting of more than 1.81 lakh bank branches, 17.36 lakh Business Correspondents, and 1.65 lakh India Post Payments Bank locations.