The banking product of software major, Infosys Technologies is creating its ground in the Indian lending arena. Finacle, the banking product of Infosys sees huge opportunity in rural banking space.

Global Head of Infosys Technologies, Finacle, Mr Haragopal Mangipudi said that Infosys is lending major focus on rural banking as government's current impetus is on financial inclusion. So in such a situation, the most lucrative option for Finacle would be rural banking.

He also said that RRBs have been given Rs 500 crore by the Finance Minister, Mr Pranab Mukherjee which opens doors to companies offering banking products which would help these RRBs.

"According to conservative estimates, around 145 million people in India have access to banks, so there is a huge untapped market out there," pointed out Mr Mangipudi. Thus access to banking offers a person not only access to banking but also a way to save his money.

He added, "Think of a labourer making Rs 2,000 per month. He may send Rs 500 to his mother in the village and spend Rs 200 on himself, but some money still remains in the account."