Hidden Cash Lures Subbarao to Indian Villages Worth $24 Billion

Hidden Cash Lures Subbarao to Indian Villages Worth $24 Billion

Brent Lewin/Bloomberg

A pedestrian walks past the Reserve Bank of India building in Kolkata. To push for more village branches, the central bank issued rules on Feb. 22 that require banks to open one in four of their branches in communities with less than 10,000 people.