India, March 18 -- The assisted banking sector, which bridges traditional financial services with innovative technology, is at the forefront of expanding banking services to the last mile. However, it is also grappling with a rapidly evolving regulatory landscape. This dual role-driving financial inclusion while ensuring compliance with stringent regulations-has become a defining feature of the sector.
As of today, nearly 80 per cent of India's population has access to bank accounts, a remarkable improvement from 2021, when almost one-third of the country's adult population remained unbanked. Assisted banking has played a pivotal role in this transformation by bridging the digital divide and integrating millions of underserved individuals ...