Better to keep industry promoters, banking separate: Parl panel
The decision to allow industrial houses to promote new banks has faced sharp criticism by a Parliamentary panel, which said it would be "more in the fitness of things" to keep industry and banking separate.
Dec 16, 2014, 22:34 PM IST
24,89,185 bank accounts opened under PMJDY in Haryana
As many as 24,89,185 bank accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) in the state as on November-end this year, Haryana Finance Minister Capt Abhimanyu said on Thursday.
Dec 04, 2014, 16:25 PM IST
Small-bank rules accommodative,to attract applicants: Analysts
Analysts have welcomed the RBI's final guidelines for setting up small finance banks (SFBs) and payments banks (PBs), saying it will generate good interest in the industry as the norms are accommodative.
Nov 28, 2014, 18:04 PM IST
Suitors line up for small finance and payment banks
With RBI issuing final licensing norms for small finance and payment banks, a host of potential suitors including Shriram Capital and Muthoot Finance on Thursday evinced initial interest in setting up such niche entities.
Nov 27, 2014, 22:11 PM IST
RBI issues final norms for payment, small finance banks
The move, aimed at deepening financial inclusion and boost saving habits, comes within seven months of RBI issuing two full-fledged banking licences in April this year.
Nov 27, 2014, 22:08 PM IST
Financial inclusion: RBI releases final guidelines for licencing of niche banks
Minimum paid-up equity capital for both Payments Banks and Small Finance Banks has been set at Rs 100 crore.
Nov 27, 2014, 18:45 PM IST
Jan Dhan: All households in Kerala, Goa get bank accounts
A reward scheme has also been put in place to incentivise the bankers.
Nov 14, 2014, 15:37 PM IST
Jan Dhan needed as bank nationalisation did not help poor: PM
Prime Minister Narendra Modi on Friday said Jan Dhan Yojana was required to correct anomalies created by nationalisation of banks four decades ago as banking benefits did not reach the poor.
Nov 07, 2014, 22:18 PM IST
Bill & Melinda Gates Foundation offers to help monitor PMJDY
Bill & Melinda Gates Foundation (BMGF) has offered to help in monitoring of the progress made with regard to Pradhan Mantri Jan-Dhan Yojana (PMJDY), the flagship financial inclusion scheme of the government.
Sep 19, 2014, 20:54 PM IST
Jan Dhan scheme to help tackle ponzi menace: Sebi chief
Expecting the government's efforts to expand financial inclusion to help curb ponzi menace, Sebi chief U K Sinha has said that agents, lured by 20-30 percent commissions, have been pushing illicit schemes among gullible investors in the absence of good savings products.
Sep 02, 2014, 17:24 PM IST
'Make Aadhaar sole platform for financial inclusion'
A senior Reserve Bank official Tuesday called for resolution of the issues regarding legality of Aadhaar project at the earliest, so that the unique identity number provided by it can become the sole platform for financial inclusion programme including direct cash transfers.
Aug 26, 2014, 23:04 PM IST
Jan Dhan Yojna next stage of social, economic development: USIBC
Hailing Prime Minister Narendra Modi's 'Jan Dhan Yojna', the US-India Business Council (USIBC) today described it as an "important step" toward the next stage of India's social and economic development.
Aug 15, 2014, 22:19 PM IST
PM's 'Jan-Dhan Yojana' to boost financial inclusion plan: SBI
State Bank of India on Friday welcomed the 'Jan-Dhan Yojana' launched by Prime Minister Narendra Modi and said it will give a boost to the government's ambitious financial inclusion drive.
Aug 15, 2014, 19:13 PM IST
Modi scraps Planning Commission; announces financial inclusion scheme
Soviet-style Planning Commission will be scrapped soon, Prime Minister Narendra Modi announced Friday while unveiling his economic agenda inviting global businesses to make India their manufacturing base and launching a financial inclusion scheme for poor families.
Aug 15, 2014, 14:47 PM IST
PM unveils Jan Dhan Yojana to encourage poor to open bank A/c
Seeking to integrate the poor into formal banking channel, Prime Minister Narendra Modi on Friday announced 'Pradhan Mantri Jan Dhan Yojana' under which they will be provided a bank account with the facility of a debit card and a built-in insurance cover of Rs 1 lakh.
Aug 15, 2014, 09:02 AM IST
Independece Day: PM Modi pledges bank accounts for all Indians
Prime Minister Narendra Modi set out plans Friday to ensure all Indians can have a bank account, blaming the high level of suicides among farmers on their inability to pay back money-lenders.
Aug 15, 2014, 08:43 AM IST
Independence Day: Narendra Modi announces financial inclusion scheme
Prime Minister Narendra Modi has unveiled an ambitious financial inclusion scheme 'Jan Dhan' on the Independence Day on Friday to facilitate opening of bank accounts for all poor people.
Aug 15, 2014, 08:07 AM IST
IDFC appoints Shankar to head proposed bank's rural foray
Having received the in-principle nod to start a full fledged bank, IDFC today appointed Ravi Shankar as the head of the proposed bank's financial inclusion and rural business initiative.
Aug 08, 2014, 14:34 PM IST
Modi will launch financial inclusion campaign: Jaitley
Prime Minister Narendra Modi will launch the government's campaign for financial inclusion to ensure that 7.5 crore households that do not have access to banking have at least two accounts.
Jul 31, 2014, 15:25 PM IST
Arun Jaitley to meet heads of PSU banks today
Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.
Jul 31, 2014, 09:12 AM IST
