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85 Results Found
  • What household finance tells us about financial inclusion in India Oct 07, 2021 04:06 PM IST

    What household finance tells us about financial inclusion in India

    There is an urgent need to make formal financial services more flexible, and customer centric, in order to increase its usability 

  • RBI’s Financial Inclusion Index: Why is it important? Key questions answered Aug 25, 2021 07:17 AM IST

    RBI’s Financial Inclusion Index: Why is it important? Key questions answered

    The FI-Index will assess the quality and extent of financial inclusion in India and will be published every July for the previous financial year ended March.

  • True Balance's NBFC arm raises $15 million in debt funding Aug 19, 2021 04:46 PM IST

    True Balance's NBFC arm raises $15 million in debt funding

    Notably, the company, aiming for comprehensive financial inclusion, has disbursed loans worth more than Rs 3,000 crore this year.

  • Digital currencies may increase financial transparency but pose risk of disintermediation of banking system: RBI Feb 28, 2021 03:38 PM IST

    Digital currencies may increase financial transparency but pose risk of disintermediation of banking system: RBI

    The RBI observed that CBDC can be designed to endorse financial inclusion by direct benefit transfer, endorse non-anonymity at a personal level and regulate transactions. Adding more, the RBI added that CBDC can help pump central bank ‘helicopter money’.

  • Budget provided clear roadmap to expand private sector participation: PM Narendra Modi Feb 26, 2021 03:44 PM IST

    Budget provided clear roadmap to expand private sector participation: PM Narendra Modi

    “The government's vision of the country's financial sector is very clear – with place for ifs and buts. Our top priority is to ensure that depositors and investors experience trust and transparency. The old ways and old systems of banking and non-banking sectors are being changed,” PM Modi said.

  • Bill Gates hails India's digital finance approach, calls it 'global model' Dec 08, 2020 04:21 PM IST

    Bill Gates hails India's digital finance approach, calls it 'global model'

    Gates praised India for building ambitious platforms for universal identification and digital payments which include the world’s largest biometric database and a system for sending rupees between any bank or smartphone app.

  • COVID-19 may just be the unintended booster shot financial inclusion needed Jul 10, 2020 09:55 AM IST

    COVID-19 may just be the unintended booster shot financial inclusion needed

    Giving every woman a bank account allows government benefits to reach citizens directly and instantly

  • COVID-19 lockdown: It’s time to digitally revolutionise financial inclusion in India May 18, 2020 01:38 PM IST

    COVID-19 lockdown: It’s time to digitally revolutionise financial inclusion in India

    Millions of people and institutions around the world are being forced to adapt, and as we all know, digitisation is perhaps the biggest aspect of adapting to this crisis.

  • Digital KYC is on the road to nowhere. Time for a reset? Sep 25, 2019 02:46 PM IST

    Digital KYC is on the road to nowhere. Time for a reset?

    Physical presence of officials has all but killed the ‘attempted digitisation’ and with it, hopes of the fintech sector

  • Better financial inclusion: create an enabling environment for the underserved to save, borrow and invest Jun 20, 2019 03:43 PM IST

    Better financial inclusion: create an enabling environment for the underserved to save, borrow and invest

    The new regime must be one that can hold all entities to a common standard of institutional conduct in how they deal with the individual customer, including how they sell products.

  • Policy | New govt should focus on administrative and judicial reforms Apr 19, 2019 09:54 AM IST

    Policy | New govt should focus on administrative and judicial reforms

    India needs to create an ecosystem of continuous change. What India chooses now on the reforms and execution front will determine if it moves up on the potential growth curve, or if it goes back into the all too familiar cyclical roller coaster.

  • Budget 2019: 34 crore Jan Dhan Yojana beneficiaries, says Piyush Goyal Feb 01, 2019 07:04 PM IST

    Budget 2019: 34 crore Jan Dhan Yojana beneficiaries, says Piyush Goyal

    This is Modi government’s last budget before the country votes for a new government during the Lok Sabha election, to be held in April-May

  • Payment Interoperability: Paving the way for inclusion Aug 06, 2018 12:39 PM IST

    Payment Interoperability: Paving the way for inclusion

    The biggest beneficiaries of interoperability will be the wallet users, who will not have to specifically look for merchants who accept a certain wallet

  • Despite progress, India has a long way to go in digital and financial inclusion: W20 Jun 14, 2018 08:42 AM IST

    Despite progress, India has a long way to go in digital and financial inclusion: W20

    In its first recommendation paper on Digital Inclusion, the W20 has called on the G20 member states to take coordinated action to make digital transformation more inclusive by fostering women's participation in the digital sector and closing the digital gender divide in the access, development and use of digital technologies.

  • Bill & Melinda Gates Foundation announces $170 mln investment to boost women’s economic empowerment Mar 05, 2018 09:37 PM IST

    Bill & Melinda Gates Foundation announces $170 mln investment to boost women’s economic empowerment

    The investments, focussed in India, Kenya, Tanzania and Uganda, are aimed at advancing gender equality, spreading digital financial inclusion, increasing job opportunities, and supporting the agricultural sector

  • From SKS Microfinance to IndusInd, a bank is every MFI's destination point: Bharat Fin CEO Sep 11, 2017 09:02 PM IST

    From SKS Microfinance to IndusInd, a bank is every MFI's destination point: Bharat Fin CEO

    The swap ratio being considered is one share of IndusInd Bank for 1.75 shares of Bharat Financial while RBL had proposed a 2:1 ratio.

  • Balance in Jan Dhan accounts drops by Rs 10,000 cr since demonetisation peak Aug 16, 2017 05:24 PM IST

    Balance in Jan Dhan accounts drops by Rs 10,000 cr since demonetisation peak

    Balance in Jan Dhan accounts jumped 70 percent to peak at Rs 74,609.5 crore in 25.82 crore accounts by December 7. In over 6 months, this reduced by Rs 9,832.87 crore to Rs 64,776 crore, drop of 13 percent as on July 19 this year since the demonetisation peak

  • Fintech players tap technology to aid financial inclusion Apr 13, 2017 02:18 PM IST

    Fintech players tap technology to aid financial inclusion

    Technology and data analytics have been put to good use by many fintech players such as Artoo, Innoviti, ArthImpact, FlexiLoans and others to explore the largely untapped market.

  • India Economic Survey 2017: Govt pro-poor, 'finclusion' key to poverty reduction: President Jan 31, 2017 11:41 AM IST

    India Economic Survey 2017: Govt pro-poor, 'finclusion' key to poverty reduction: President

    Underlining key policy initiatives taken by the government and their progress, President Pranab Mukherjee said the core of all government policies is the “welfare of needy”.

  • Remittance: Positive effect on social parameters Dec 31, 2016 02:02 PM IST

    Remittance: Positive effect on social parameters

    Enabling Financial Inclusion Through Efficient Remittances, Digitization and Demonetization is a special series which focuses on remittances and their impact on financial inclusion and development in India. CNBC-TV18‘s Ritu Singh talks to a panel of experts who discuss the impact of remittances on the economy and financial inclusion

  • Financial inclusion necessary for sustainable growth: Rajan Jul 18, 2016 02:50 PM IST

    Financial inclusion necessary for sustainable growth: Rajan

    Observing that bankers usually focus on large borrowers with bottomline in mind, the governor said Aadhaar Enabled Payment System will go a long way in taking financial services to the underserved.

  • PMJDY helped more women financially empowered: Report Jul 05, 2016 08:16 PM IST

    PMJDY helped more women financially empowered: Report

    PMJDY has played a crucial role to cover more Indian women under the financial inclusion folder with as many as 47 percent of them possessing the basic bank account under the scheme, a report study said on July 5

  • Lok Capital to raise $100 mn; to invest in health, agri cos Jun 16, 2016 09:08 PM IST

    Lok Capital to raise $100 mn; to invest in health, agri cos

    Investment fund Lok Capital on June 16 said it aims to raise a corpus of about USD 100 million (about Rs 673.4 crore) to invest in growth-stage companies in India across sectors like financial inclusion, healthcare and agriculture

  • No scope for 'adventurism' with payments banks: RBI Jun 13, 2016 09:30 PM IST

    No scope for 'adventurism' with payments banks: RBI

    Asserting there is no room for promoters to experiment with upcoming payments and small finance banks, RBI Deputy Governor S S Mundra on June 13 said there should not be any "adventurism", and institutional progress of the entities will be monitored closely in formative stages

  • Don't be over-zealous while lending: RBI Dy Governor to banks Jun 09, 2016 06:52 PM IST

    Don't be over-zealous while lending: RBI Dy Governor to banks

    Reserve Bank Deputy Governor S S Mundra on June 9 asked banks to refrain from being "over-zealous" while lending, saying it leads to over-indebtedness of customers, results in default and spoils their credit history

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