Financial inclusion Archive

Post It – Genia Giri

Is Post Office Banking a way way out for financial inclusion? Demonetisation of Rs 500 and 1000 notes has brought back to sharper focus the level of Banking Penetration in the rural hinterlands of eastern India, or more specifically, the lack of it. The economy has not fully recovered from the body blow it was

What ails the Banking System? Tristha Sharma

When I first started visiting our Bank with my mother, I had met a lady behind the counter who used to stitch woolen sweaters around the year. She would sit there at her designated seat, oblivious of the world around, stitching, as though it was the most important thing in the world. As I grew up,

IDBI Bank Receives ASSOCHAM Award for Financial Inclusion

Mumbai, 01 February 2016: IDBI Bank Ltd. received the ASSOCHAM Award 2015 for Financial Inclusion under Large Bank class and Government schemes category. The Award was handed over by Hon’ble Minister of state for Finance, Shri Jayant Sinha, at the 11th Annual Banking Summit cum Social Banking Excellence Awards 2015 of ASSOCHAM held at Mumbai

IDBI Bank extends finance to Micro Enterprises, Minority Communities and Weaker Sections under Financial Inclusion

Mumbai, 13 January 2016: IDBI Bank has been extending finance to Micro Enterprises, Minority Communities and Weaker Sections of the society in its endeavor to promote the spirit of entrepreneurship and support financial inclusion. As a sign of support, Shri Kishor Kharat, MD & CEO, inaugurated a Salon Shop financed by IDBI Bank’s Wagholi Branch,

Banks have a $380 Billion market opportunity in Financial Inclusion, Accenture and CARE International UK Study Find

Report makes recommendations for how banks can make financial inclusion more viable LONDON; Nov. 11, 2015 – Banks can address an additional US$380 billion market in annual revenues by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system, according to a new report produced jointly by Accenture (NYSE: ACN), through Accenture Development

FIS Introduces Banking on Demand to Speed Financial Inclusion

MUMBAI and JACKSONVILLE, Fla., 20 Oct. 2015 – With an entire industry focused on financial inclusion, small finance companies, payment banks and microfinance institutions across India have a new option to improve time to market while focusing on building and serving their customers. FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting

Oxigen makes Strategic Suggestions to drive Financial Inclusion under RBI Pilot Scheme

New Delhi, July 1, 2014: Oxigen Services India Pvt Ltd, established in 2004 is a key player in Financial Inclusion space by virtue of being a BC to two large banks and also the pioneer in developing a Mobile wallet platform. The launch of its domestic Money Transfer Service using NPCI connect has grown significantly

Arohan Financial Services Crosses the 2 Lac Customer Milestones

Mumbai, March 11th, Financial Inclusion is a key national priority and microfinance institutions play a key role in extending credit and other services like micro pensions, insurance etc to the unbanked sections of our society. As per MFIN (Microfinance Institutions network) publication Micrometer released last week, 43 NBFC MFI’s cover over 26 million clients with

Banks to be infused with Rs 14,000 Crore Capital to meet basel III Norms-Financial inclusion on Bank Agenda

The Finance Minister Shri P.Chidambaram has taken steps in the budget to ensure adequate capitalization of the public sector banks. The Public sector banks will be provided with an infusion of Rs 14,000 crore additional capital in 2013-14 budget estimates to enable them to meet the BASELIII norms.He said Rs 12,517 crore infusion of capital