Finance Ministry to set up high-level panel to tackle NPAs
Concerned over mounting bad loans, the government is planning to set up a high-level panel to effectively deal with the issue, said a senior Finance Ministry official.
Nov 27, 2015, 14:24 PM IST
'Financial inclusion schemes will ensure growth opportunities'
ICICI Bank chief Chanda Kochhar on Thursday said government's financial inclusion schemes will bring millions of people into the mainstream and ensure inclusive growth opportunities.
Nov 19, 2015, 19:07 PM IST
Financial inclusion must go with financial protection, literacy: Raghuram Rajan
Programmes like the government's financial inclusion initiative need to be complemented with those of financial protection as well as financial literacy so as to be fully effective, Reserve Bank of India Governor Raghuram Rajan said on Friday.
Nov 07, 2015, 05:33 AM IST
RBI to provide more bank licences, says MundraRBI
Having allowed 23 new entities to enter the banking space, Reserve Bank Monday said it plans to grant more licences to promote financial inclusion.
Oct 19, 2015, 22:30 PM IST
Rs 2,000-crore fund to push financial inclusion: RBI
RBI on Thursday announced merger of two funds to create a new Financial Inclusion Fund with a corpus of Rs 2,000 crore to support 'developmental and promotional activities' for expanding reach of banking services.
Oct 15, 2015, 19:42 PM IST
Digital payments worth Rs 12,599 cr made in April-July: Report
Increasing Internet penetration and financial inclusion initiatives by government have helped digital transactions, including those on mobile wallets, touch Rs 12,599 crore in April-July 2015, a report said Wednesday.
Oct 14, 2015, 20:30 PM IST
Financial inclusion need not be pushed beyond a point: Raghuram Rajan
Pushing financial inclusion beyond a point can have negative impact because people at the bottom of pyramid do not have capacity to absorb credit, RBI Governor Raghuram Rajan said.
Oct 08, 2015, 23:15 PM IST
Cashless economy: RBI to promote card usage in smaller towns
In efforts to move towards a cashless society, the Reserve Bank on Tuesday said it will come out with a concept paper on promoting electronic payments, especially in smaller towns, by November-end.
Sep 29, 2015, 15:57 PM IST
India joins UN's Better Than Cash Alliance in financial inclusion push
The government Tuesday said it's joining the United Nations' Better Than Cash Alliance as part of its efforts to widen its financial inclusion drive.
Sep 01, 2015, 23:33 PM IST
Call drops not good for financial inclusion: SBI chief
SBI chairman Arundhati Bhattacharya Monday joined the debate on frequent call drops, citing a personal experience of not being able to get seamless connectivity while driving along Marine Drive, and warned that bad networks are detrimental to financial inclusion agenda.
Aug 24, 2015, 23:08 PM IST
Prasad wants Department of Post to become vehicle of financial inclusion
Armed with a payments bank licence now, the postal department should gear up to become a vehicle of financial inclusion in the country, Communications and IT Minister Ravi Shankar Prasad said Wednesday.
Aug 19, 2015, 20:16 PM IST
Bank accounts now with 70 crore Indians: Modi
Prime Minister Narendra Modi on Saturday said some 70 crore people untouched by any form of financial inclusion on Saturday had bank accounts, thanks to the scheme he announced exactly a year ago.
Aug 15, 2015, 09:39 AM IST
RBI sets up panel for action plan on financial inclusion
The Reserve Bank has set up a committee to work out a five-year action plan to spread the reach of financial services to unbanked population.
Jul 15, 2015, 20:21 PM IST
Financial inclusion to remain 'pipe dream' sans broadband: TRAI
Advocating deeper broadband penetration to ensure success of Jan Dhan scheme, telecom regulator TRAI's chief Rahul Khullar on Wednesday said financial inclusion will otherwise remain a "pipe dream" and merely opening bank accounts will not serve the purpose.
Apr 29, 2015, 17:24 PM IST
State Bank of India commits itself to financial inclusion
The World Bank Group and a broad coalition of partners, including the State Bank of India, have made commitments that will help promote financial inclusion and achieve universal financial access by the year 2020.
Apr 18, 2015, 11:09 AM IST
PM Modi wants RBI to prepare 20-year road map for financial inclusion
The other milestones for achieving financial inclusion could be 150th birth anniversary of Mahatma Gandhi in 2019, 75th year of Independence in 2022, 90th anniversary of RBI in 2025 and 100 years of RBI in 2035, the Prime Minister said.
Apr 02, 2015, 13:17 PM IST
As much as Rs 14,000 cr was deposited in Jan Dhan accounts: PM Modi
Speaking at the Financial Inclusion Conference of the Reserve Bank of India in Mumbai, Modi also said that he will meet RBI Governor Raghuram Rajan once in every two months.
Apr 02, 2015, 11:51 AM IST
Expand Jan Dhan beyond bank accounts, says ex-RBI Guv Subbarao
Lauding the government's Jan Dhan initiative, former RBI Governor D Subbarao today said this financial inclusion programme should be expanded to also ensure remittance and credit facilities for the poor.
Feb 06, 2015, 18:14 PM IST
Vodafone India applies for payment bank licence
Vodafone India on Tuesday said it has applied for a payment bank licence and is exploring options for partnerships for the proposed banking venture.
Feb 03, 2015, 15:38 PM IST
Unbridled financial inclusion can create problems: RBI
The Reserve Bank on Thursday cautioned that "unbridled" financial inclusion drive could create problems and asked banks to take adequate safeguards in this regard.
Jan 29, 2015, 23:10 PM IST
