DUBAI TAKES A CLEAR LEAD IN MENA REGION'S FINANCIAL INCLUSION
The financial technology startups are working wonders in Dubai and the United Arab Emirates UAE in ensuring financial inclusion and the closure of gender ...
PMJDY helps raise women's ownership of bank accounts to 77% in 2017: Report
PM Modi's government flagship scheme Pradhan Mantri Jan Dhan Yoja...
A data rich India needed to jumpstart MSMEs financial inclusion
With a large section of country’s MSMEs getting jittery of formal lending, a ...
Public Credit Registry to catalyse MSMEs’ financial inclusion: Enkash
According to Yadvendra Tyagi, EnKash's cofounder, a holistic view of the borrowers helps a lender in making a decision, and that’s where measures such as PCR can help immensely.
Vakrangee: An emerging leader in financial inclusion
Vakrangee is the 13th-largest ATM operator in India, and third-largest player in rural India.
Nirmala Sitharaman to attend financial outreach initiative in Guwahati on February 27
Aadhaar enrollment in Assam is abysmally low. Sunil Kumar Tandon, chief general manager (CGM) for Northeast India of State Bank of India said, “State Bank alone will set up 10 machines during the three day outreach initiative. In Guwahati we have five branches which are doing the Aadhaar.”
Finance Ministry to showcase achievements of financial inclusion at Republic Day parade
Besides DFS, Department for Promotion of Industry and Internal Trade, Department of Drinking Water and Sanitation, NDRF Ministry of Home Affairs, CPWD Ministry of Housing and Urban Affairs, and Ministry of Shipping will also participate in the Republic Day parade, according to a Defence Ministry release.
ETRise Top MSMEs Ranking: Need a data rich India to jumpstart MSMEs financial inclusion
At the recent discussion about the state of MSMEs in the country, experts believed that the SME community is so entangled that they believe one another easily, which eventually discourages them to take steps towards formalisation.
Momentum generated by PMJDY needs to be taken forward: RBI
The National Financial Inclusion Strategies (NFIS) document for 2019-24 also said the digital infrastructure in the country needs to be expanded through better networking of bank branches, banking correspondent outlets, micro ATM, PoS terminals and stable connectivity.
Delhi takes 2nd spot in digital payments in 2019: Razorpay
Digital transactions in Delhi NCR grew by 235% from 2018 (Jan-Dec) to 2019 (Jan-Dec) and Financial Services, Food & Beverage and Transportation were the top 3 sectors which contributed a cumulative of 41% of Delhi’s online payments in 2019, said a Razorpay report.
Do away with GST on services by microfinance companies: Industry's Budget wish-list
Highlighting the key demands, Sa-Dhan Executive Director P Satish said, "MFIs (microfinance institutions) offer different services to the microfinance clients and we request the Government of India that Goods and Services Tax (GST) should be done away (on the services) with since it is a service to the low income segment of the population".
RBI strengthening regulations for banks and NBFCs: Shaktikanta Das
Persistently high inflation adversely impacts the economy’s allocative efﬁciency and impedes growth, says Das.
View: Why ESG matters in financial services
Underscoring the importance of ESG principles, 181 top global CEOs signed in August a mission statement, declaring that companies exist for all stakeholders, not just shareholders.
Gujarat banks' gross NPAs rise to Rs 43,000 crore as of Sept
Gross NPAs in overall agricultural segment remained at 7.56 per cent of the outstanding amount, while those of the MSMEs were the highest at 8.02 per cent of outstanding, the report reveals.
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.
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