Business Correspondents

The industry body said transactions have fallen and majority of the BC outlets are not functional.

Chalk out board-okayed financial inclusion plans: Govt to banks

Government has asked public and private sector banks to prepare board-approved financial inclusion plans and make them an integral part of their corporate strategies to widen the reach of banking services, Parliament was informed today.

What bank branches can't provide, alternate players can:Mor

According to Mor‘s plan, companies and NBFCs will be allowed to become white label business correspondents -- that is instead of being loyal to one bank they can provide their service to any number of banks.

MFIs to turn business correspondents for banks

Microfinance companies may be looking at all potential business opportunities to tide over the crisis in the sector. “They are now exploring the possibility of acting as business correspondents for banks to achieve financial inclusion,” reports Gopika Gopakumar of CNBC-TV18.