Page 5 - Financial Inclusion

Why India needs to adopt crypto

A progressive regulatory framework will create a prosperous crypto ecosystem and expand financial inclusion in the country in a secure, simple, and transparent manner

India ahead of China in financial inclusion metrics now: SBI report

States with higher financial inclusion/ more bank accounts have also seen a perceptible decline in crime along with a meaningful drop in consumption of alcohol and tobaccos, according to the report

Story in numbers: Goa sees rise in women-owned bank accounts, shows data

As in many other state, in Goa too, assertion by women is backed by their capacity to take financial decisions

BS BFSI Summit: SFBs should look beyond universal licence, says R Gandhi

Ex-RBI deputy governor says they must become financial conglomerates

MFIs shouldn't sacrifice social mandate at altar of growth: RBI dy governor

M Rajeshwar Rao urges them not to forget sector's original mandate of financial inclusion, as over-indebtedness by borrowers, coercive recovery would roll back gains achieved over the years

PSBs told to push for financial inclusion, expand insurance coverage

The Centre has also asked state-owned banks to enter into co-lending arrangements with NBFCs and MFIs

BRICS report makes case for developing safe digital architecture

A BRICS report has made a strong case for developing a safe digital architecture with a view to gain the trust of stakeholders and promote financial inclusion among the member nations

Protecting consumers, the heart of finance

Competitive markets in financial services are the best bulwark against consumer fraud in the long run. In the medium term, omnibus and dedicated legislation could be the answer

Beyond bank accounts

Protect investor confidence to increase financial inclusion

Meet the IIT Roorkee grads who co-founded FamPay, the neobank for teens

The firm provides also financial literacy to teenagers, who have few options to open a bank account at their age; It crossed 2 mn users within eight months of launch

RBI's Index on financial inclusion: A very timely initiative

The index includes 97 attributes that are extensive and one assumes that they cover capital markets insurance and other banking services

Financial inclusion will continue to be a policy priority after Covid: Das

RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a policy priority for the central to make the post-pandemic recovery more equitable and sustainable.

Meet the former Paytm execs who are building a pocket money app for kids

Shankar Nath and Ankit Gera are digitising pocket money for children while nurturing financial knowledge and discipline in them at an early age via their startup Junio

KYC norms hindering financial penetration

CKYC is failing to have the desired impact due to lack of clear directions from the regulators, and lack of connectivity between the stakeholders and the repository

Almost 86% of 417 million PMJDY accounts operative: MoS Finance

While public sector banks have opened 404.8 million accounts under PMJDY, only 12.7 million accounts were opened by 14 private sector banks

Best of BS Opinion: Lessons from GameStop, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Pradhan Mantri Jan Dhan Yojana accounts cross 410 million: Finance ministry

Pradhan Mantri Jan Dhan Yojana (PMJDY) is a flagship scheme of the government to promote financial inclusion

FSS and India Post Payments Bank join hands to promote financial inclusion

Under the deal, IPPB will use FSS' Aadhaar Enabled Payment System to deliver interoperable and affordable doorstep banking services to under-served and un-banked customers across India

SBI to raise share of financial inclusion to 20% by March 2022

>>To reduce C/I ratio to 38%, from 55% >>Hive off client servicing to BC channel

Farming, fin inclusion weakest spots in aspirational districts plan: study

Most districts are 40-90% off target; Initiatives on water resources and skill development also need much attention