IFMR Trust

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Financial Inclusion Data: Taking Stock

<i>> Posted by David Tuesta, BBVA, and Sonja E. Kelly, CFI</i><i>A Spanish-language version of this post follows the English-language version.</i>YOU are a …

Bank accounts for all will not accomplish financial inclusion

The biggest challenge, as pointed out by all the panellists at the Mail Today conclave on Financial Inclusion, is the need for adequate financial …

Experts call for simpler KYC norms in country

Max Life COO Viswanand pointed out that the present know-your-customer (KYC) norms were very complex and needed to be simplified if more people had …

Can fintech startups disrupt the financial system in the country?

At a time when the Indian government is concentrating on financial inclusion through schemes like Jan Dhan Yojana, Aadhaar enrollment and payment …

fintech

Mission for NITI Aayog

Sajjid Chinoy of JP Morgan (India) wrote in <i>The Indian Express</i> that the Reserve Bank of India (RBI), under D. Subbarao, was blindsided twice by …

A wake up call for the banks

If you work in a bank, you should probably read this.<p>Banks are in grave danger.<p>Especially so in India. A 4x5-inch screen is going to eat your …

Banks look to move beyond corporates in terms of money lending

Going forward, banks would want to move away from corporate and lend more money to retail and medium, small and micro enterprises (MSME), said, SS …

Business News, India Stock Market, Personal Finance, IPO, Financial News Headlines

Cautious after its bitter experiences in Manipur and Goa, the Congress displayed extreme hurry in extending support to JD(S).<p>For the retail investors …

Payments bank: Department of Posts pilot project likely to start in January

The Department of Posts (DoP) is likely to start pilot project of its payments bank services in January at select location including Bihar.<p>"The pilot …

Banking will become premise-less, paper-less with help of technology: PM Modi

<b>New Delhi</b> - Prime Minister Narendra Modi on Monday said the government has initiated a series of banking reforms including re-capitalisation of PSU …

Five challenges prevent financial access for people in developing countries

<i>Financial products must be adapted to women’s needs, like enabling them to open their own account or improving their financial literacy. Photograph:</i> …

Financial inclusion: Rajan reiterates his Lima stance

The RBI governor sounded a similar note of caution in Lima, Peru, a week ago on the sidelines of an IMF-World Bank meet.<p>Written by | Aizawl |<p>Reserve …

Government agreed to pay savers less after RBI nudge, says Report

Aadhaar: Raghuram Rajan welcomes SC order, says it will help widen financial inclusion

<b>Aizawl</b> - RBI Governor Raghuram Rajan on Thursday welcomed the Supreme Court ruling on use of Aadhaar card in more schemes and said it will help …

Pradhan Mantri Jan Suraksha schemes get 117 million enrolments

In five months since launch, the Pradhan Mantri Jan Suraksha Yojana has 117 million policy holders. Launched on May 9, it has a term insurance …

New Rs 2K-cr financial inclusion fund created

The new fund will be in operation for another three years or till such period as may be decided by the RBI and the Government in consultation with …

Modi's fin inclusion gets a boost: SC allows voluntary Aadhaar use in job scheme, Jan Dhan, PF, pension

<b>New Delhi:</b> The Supreme Court on Thursday relaxed its earlier order to extend use of Aadhaar card on voluntary basis in social welfare schemes like …

Small finance bank licensee Equitas plans initial share sale

<b>Mumbai:</b> Chennai-based microfinance institution Equitas Holdings Ltd, which recently received in-principle approval from the Reserve Bank of India …

Financial Services

India’s unbanked population halves to 233 million

<b>Mumbai:</b> India’s unbanked population has more than halved to 233 million in 2015 from 557 million in 2011, according to a report prepared by …

NBFCs now depend less on banks for capital

Non-banking finance companies are increasingly becoming independent of traditional banks for borrowing money due to the drop in wholesale lending …

Aadhaar case: Supreme Court begins hearing arguments

<b>New Delhi:</b> A five-judge constitution bench of the Supreme Court headed by chief justice H.L. Dattu began hearing arguments in the Aadhaar case on …

The black money blackhole: BoB fraud shows our banks are legit route for illegitimate stash

There is an interesting coincidence in the whole Bank of Baroda remittance scam - the amount of money that is said to have gone out of the country …

Rajan Gives Fillip to Modi's Goal of Housing for All by 2022

Prime Minister Narendra Modi’s goal to put a roof over India’s 1.3 billion people just got a fillip.<p>After slashing the benchmark repurchase rate by a …

Ezetap launches solution that allows merchants to accept customer payments from any mobile wallet

Ezetap has announced the launch of Universal Mobile Wallet Acceptance. This is India’s first universal solution allows merchants to accept customer …

Is DCB Bank the canary in the coal mine?

DCB Bank Ltd shares plunged 20% on Wednesday after the management announced aggressive expansion plans to compete with a slew of small banks and …

What India should learn from Angus Deaton

A day before the Nobel Prize in Economic Sciences was announced, <i>Mint</i> listed three Indian economists—Avinash Dixit, Jagdish Bhagwati and Partha …

India has launched 'game-changing' reforms, says MoS for Finance Jayant Sinha