Ranchi, March 12 -- Xavier Institute of Social Service (XISS), Ranchi, organised an insightful session on Financial Inclusion and Literacy as part of Reserve Bank of India (RBI's) nationwide educational initiative, "RBI @90", which aims to spread financial awareness across 90 institutions in India. The session was conducted by Prem Ranjan Prasad Singh, Regional Director, Reserve Bank of India (RBI) in the campus on Tuesday.
In the session, Singh highlighted the critical role of financial literacy in an era dominated by digital transactions. He mentioned that while India accounts for nearly 48% of the world's digital transactions, financial knowledge remains limited at only 27% of the population and merely 17% of students possess adequate f...