Roadside banking for Mumbai vendors

PUBLISHED ON: December 9, 2007 | Duration: 2 min, 13 sec

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The banks in Mumbai are tapping an untouched segment of customers-the street side vendors. That's what thousands of vendors in the country's financial capital are finding out as Mumbai's banks go down the innovative road. Like many others, Sayyed Aijaz a street side vendor makes a living by selling vegetables in Mumbai's western suburbs. Unfamiliar with the concept of banking, he has been saving his earnings in more traditional ways like keeping cash in kitchen utensils at home.
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