RBI felicitate banker’s for making Leh achieves 100 percent digitization of banking operations

Tags: place in news Economy/Finance

The Reserve Bank of India (RBI) has felicitated the bankers of the Leh district for achieving 100 percent digitization of banking operations. 

Digital Banking refers to the electronic banking service provided by a bank for its financial, banking and other transactions through electronic devices online.

Leh is the capital of the union territory of Ladakh and is the highest located district of India.

In 2019 RBI put forward a proposal to make at least one district of every state in the country have 100 percent digitization of banking operations. 

Thrissur district of Kerala became the first fully digital banking district of the country in August 2021.

Kerala is also the first state in India to achieve the target of Financial Inclusion of having at least one bank account in a family.