A live webcast from NDTV caught my attention.
It speaks of how Mumbai’s roadside vendors now have banks come to them at their place of work and encourage them to save. Innovative thinking and a convenient means of banking now helps some 10,000 vendors, who ordinarily would not have gone to the banks, develop the habit of thrift.
Keeping money in tha bank helps the vendors to save as otherwise money kept at home is more likely to be spent. Likewise the banks gain by getting deposits in a low cost manner.
A truly win-win approach beneficial to both the vendors and the banks.