Page 2 - Latest Updates on Financial Inclusion
RBI announces names of winners of 3rd edition of Global Hackathon
The 28 finalists presented their solutions to an independent jury which selected the winners based on several parameters, including comprehensiveness, innovation, feasibility, scalability, compliance
 "RBI announces names of winners of 3rd edition of Global Hackathon")
Puri targets Kharge for indulging in shoot and scoot using lies, fake data
In a series of post on X, Puri quoted data to counter Kharge's assertions saying the Modi government's inclusive development policies will make the country a developed nation by 2047
 "Puri targets Kharge for indulging in shoot and scoot using lies, fake data")
Group representing business correspondents seeks regulatory status
Self-regulatory organisation status for business correspondents will improve governance, bring in investments
 "Group representing business correspondents seeks regulatory status")
Group representing business correspondents seeks raise, writes to govt
Model is critical for financial inclusion but commissions have not been revised 'in a decade'
 "Group representing business correspondents seeks raise, writes to govt")
Boots on the ground: Businesses correspondent model needs mending
The business correspondent channel for financial inclusion is calling for a pay raise, investments and an end to penalties
 "Boots on the ground: Businesses correspondent model needs mending")
Star Health introduces braille insurance policy for visually impaired
The policy is designed to address the specific requirements of individuals with disabilities of 40% or more, including physical, sensory, or cognitive impairments
 "Star Health introduces braille insurance policy for visually impaired")
Bill for NFIR likely to be introduced in next session, says DEA Secretary
The objective is to build a public infrastructure for credit-related information, and the right information can be made available by the NFIR to lending agencies
 "Bill for NFIR likely to be introduced in next session, says DEA Secretary")
In India's goal of financial inclusion, banks make 'remarkable progress'
Number of Indians with an account in a formal financial institution increased to 77% in 2021
 "In India's goal of financial inclusion, banks make 'remarkable progress'")
Increase participation in financial inclusion schemes: FinMin to pvt banks
On June 25, the DFS asked public sector banks (PSBs) to revive inoperative accounts under the Pradhan Mantri Jan Dhan Yojana
 "Increase participation in financial inclusion schemes: FinMin to pvt banks")
Financial inclusion index rises with growth across all segments, says RBI
"The value of the index for March 2024 stands at 64.2 vis--vis 60.1 in March 2023, with growth witnessed across all sub-indices," the Reserve Bank of India (RBI) said in a statement on Tuesday
 "Financial inclusion index rises with growth across all segments, says RBI")
SLBCs can boost financial inclusion if synergy with govt improves: RBI DG
As part of aspirational goals for RBI's centenary, referred to as RBI@100, he said, among these targets are deepening financial inclusion and expanding credit availability
 "SLBCs can boost financial inclusion if synergy with govt improves: RBI DG")
A model for Global South: RBI lays down goals for its 100th year
From Monetary Policy Framework review to safeguards against payment frauds & rupee internalisation, RBI lists 14 major goals
 "A model for Global South: RBI lays down goals for its 100th year")
Share of North East in MF assets more than doubles to Rs 40,324 cr in 4 yrs
In March 2020, these states had an asset base of Rs 16,446 crore as compared to Rs 40,324 crore in March this year
 "Share of North East in MF assets more than doubles to Rs 40,324 cr in 4 yrs")
Protecting Streedhan, tailored dressing: Top personal finance stories
Our top stories this week tell you about a woman's inalienable financial right and why tailored clothes are better than readymade
 "Protecting Streedhan, tailored dressing: Top personal finance stories")
Fin inclusion, digital growth to drive momentum: Airtel Payments Bank CEO
Airtel Payments Bank is dominant in rural markets, he said, adding that "rural and urban combined, we are now opening a million bank accounts a month"
 "Fin inclusion, digital growth to drive momentum: Airtel Payments Bank CEO")
There is money coming in: How cash recyclers are set to get a big leg up
Going ahead, a customer can take a wad of notes to a CRM and use UPI to activate the process of depositing it rather than insert their debit card into the slot
 "There is money coming in: How cash recyclers are set to get a big leg up")
Govt revamps pharma scheme, entails financial assistance to drug cos
The revamped scheme also introduces more flexible financing options, emphasising subsidies on reimbursement basis, over traditional credit-linked approach
 "Govt revamps pharma scheme, entails financial assistance to drug cos")
Banks must give customers choice to select credit card network: RBI
Some arrangements between card networks and issuers are 'not conducive' for customers, it says
 "Banks must give customers choice to select credit card network: RBI")
Majority of states, union territories have single-digit MF penetration
Per capita investment is less than Rs 10,000 in eight of them
 "Majority of states, union territories have single-digit MF penetration")
What makes Indian fintech fast and furious, but also a little fraudulent?
Know-your-customer, or KYC, regulations aren't easy anywhere. But fintech adoption in India has done more than just open the floodgates to financial inclusion
 "What makes Indian fintech fast and furious, but also a little fraudulent?")