Formal Banking System
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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
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Opinion | How PMJDY Sparked A Ripple Effect Across India's Economy
By bringing millions into the formal banking system, PMJDY has enhanced economic participation, reduced poverty, and contributed to social stability, mirroring the transformative impact of the US's Marshall Plan.
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'Banks Have $380 Billion Market Opportunity in Financial Inclusion'
Banks can address an additional $380 billion market in annual revenues by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system, according to a report.
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There's Scope for Further Cuts in Lending Rates: HDFC Bank
The bank today launched a mobile van project called 'Dhanchayat', which is aimed at deepening financial literacy in the rural areas. It will specifically work to impress the people to be a part of the formal financial system and drive them away from the clutches of the unorganised money lenders.
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Somalia Residents Anger at Kenya Cash Transfer Freezes
Residents of Somalia's capital on Thursday condemned as "collective punishment" Kenya's shutting down of money transfer services over suspected links to the Al-Qaeda-linked Shebab.
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Final Norms for Payment Banks Next Month: RBI Deputy Governor
To deepen the financial inclusion process, and help get more people under the formal financial system, the RBI has mooted the idea of small banks and payments banks.
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RBI Curbs Export Credit Refinance; Exporters Say Has No Impact
The ECR changes should improve access to liquidity from the RBI for the system as a whole without the procedural formalities related to documentary evidence, authorisation and verification associated with the ECR, the central bank said.
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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
-
Opinion | How PMJDY Sparked A Ripple Effect Across India's Economy
By bringing millions into the formal banking system, PMJDY has enhanced economic participation, reduced poverty, and contributed to social stability, mirroring the transformative impact of the US's Marshall Plan.
-
'Banks Have $380 Billion Market Opportunity in Financial Inclusion'
Banks can address an additional $380 billion market in annual revenues by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system, according to a report.
-
There's Scope for Further Cuts in Lending Rates: HDFC Bank
The bank today launched a mobile van project called 'Dhanchayat', which is aimed at deepening financial literacy in the rural areas. It will specifically work to impress the people to be a part of the formal financial system and drive them away from the clutches of the unorganised money lenders.
-
Somalia Residents Anger at Kenya Cash Transfer Freezes
Residents of Somalia's capital on Thursday condemned as "collective punishment" Kenya's shutting down of money transfer services over suspected links to the Al-Qaeda-linked Shebab.
-
Final Norms for Payment Banks Next Month: RBI Deputy Governor
To deepen the financial inclusion process, and help get more people under the formal financial system, the RBI has mooted the idea of small banks and payments banks.
-
RBI Curbs Export Credit Refinance; Exporters Say Has No Impact
The ECR changes should improve access to liquidity from the RBI for the system as a whole without the procedural formalities related to documentary evidence, authorisation and verification associated with the ECR, the central bank said.
