More people availing loans even as ticket sizes grow smaller: Satish Pillai, CIBIL
Largest growth segments across everything on the unsecured side is in semi urban and rural India.
Banks may be given incentive to extend loans in backward areas: RBI Dy Guv MK Jain
Speaking at an event organised by the National Bank for Ag...
Govt eases rule for change of address in KYC dealings
The changes were made by amending the Prevention of Money Laundering Rules, as per a ga...
Govt to seek NABARD's help for procuring farm produce in J&K: Nirmala Sitharaman
"Now I'm ensuring that I will take the chairman of NABARD to J&K even if it's winter now because I want ... the next crop of saffron, peaches and walnuts and other agri produce of J&K to get that kind of support which through NABARD the central government can extend to Jammu and Kashmir," said Finance Minister Nirmala Sitharaman.
States should dismantle APMCs, adopt eNAM for farmers' benefit: Nirmala Sitharaman
e-NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
Nordic Microfinance Initiative raises its investment in Svasti Microfinance
Nordic Microfinance Initiative (NMI) has raised its investment in Mumbai-based Svasti Microfinance while Michael & Susan Dell Foundation and Bamboo Capital Partners have exited in a $10 million share sale which includes both primary and secondary deals. The fresh investment has raised Mumbai-based microfinance’s net worth to Rs 100 crore.
India among top nations with most conducive environment for financial inclusion: Report
India is also among the top countries that safeguard e-money via some sort of deposit insurance or protection. RBI has prepared a draft National Strategy for Financial Inclusion to deepen financial services' coverage in the country. The long-awaited strategy is expected to be finalised in 2019 and will cover a five-year period.
View: It's time to revise the limit of deposit insurance cover
The coverage limit is required to be reviewed periodically, as the economic and financial landscape changes.
India Post Payments Bank fights to survive
The postal department feels that IPPB’s operations have become unviable and has stopped fresh hiring.
Way to go. But equity culture is taking off, slowly but surely
A wave of reforms implemented by the Modi govt is making the financial asset class roar.
Microlenders focuses on growing loan book size: Report
Among the states, West Bengal has the highest incidence of high-value loans with over 45 per cent of the borrowers having average outgoings of over Rs 60,000 each, while the same proportion for Tamil Nadu is lowest at 1.8 per cent.
Companies need to respect data of consumers: Airtel CEO
He further stated: "I think it is incumbent upon all of us, representing the industry, whether it's the operator or the application provider or the device company to be very respectful of the data.
Fintech firm BASIX Sub-K raises Rs 75 crore
Sub-K facilitates affordable financial services to more than 3 million under-banked households and micro-enterprises across the country.
Banks to launch first phase of customer outreach loan initiative on Oct 3
The second phase will be in 150 districts and will be held between October 21 and October 25, just before Diwali, sources said.
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