Rural Banking

MC Explains | What is banks’ business correspondent network?

To put it simply, BCs are agents who connect banks with customers.

HDFC Bank to tap into semi-urban, rural regions; announces opening of 1,060 branches

The initiative is a part of the bank's 'Future - Ready' project, the Rural Banking business

ICICI Bank launches app for rural, agri customers

The list of services include Kisan Credit Card, Gold Loan, Farm Equipment Loan and loans to Self-Help Groups (SHGs).

See mid-teen RoE from rural banking in 3-4 yrs: IDFC's Lall

Rural banking is less costly to build out, will be cash break even much sooner and will actually generate a return on equity (RoE) that we expect will be in the mid-teens within the next three to four years, says Rajiv Lall, MD & CEO, IDFC Bank

VASCO Plays Authenticator To RBI's New Rural Banking Initiative

In order to improve confidence of people in remote areas in banking operations, the Reserve Bank asked business correspondents to operate from Ultra Small Branches.

Budget Expectations: More push needed for financial inclusion, says FINO

Rural banking got a new lease of life in the year 2005-06 when the regulator announced policy on financial inclusion through Business Correspondent (BC) model.