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How Voda's M-Pesa can be linked to govt's direct transfer scheme
With the aim of targeting 700 million unbanked people, the moblile wallet service allows money transfer to individuals, pays utility bills and also withdraws cash if it is linked to a bank account. #HowThisWorks #Vodafone #rural banking #M-Pesa #moblile wallet service #cash direct transfer
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Direct cash transfer: Taking stock of how it fares
The partial rollout of direct cash transfer has both merits and demerits, an article in the Hindu Business Line has said. #Subsidies #rural banking #Savings #GoodReads #Direct Cash Transfer
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Fin inclusion plan key criteria for new bank licence, says RBI
The Reserve Bank today said financial inclusion plan will be an important criteria for getting new bank licences in the private sector. #RBI #PolicyWatch #rural banking #New Banking licence
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MSN IndiaPoor banking network in Bihar
Patna, May 12 (PTI) Bihar which lags behind the national average on development indices like roads, power and per capita income also has a poor banking network that is posing a roadblock in the growth process. While there is one bank branch for a populat #Palaniappan Chidambaram #Nitish Kumar
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New Kerala5th ICC Banking Summit held in Kolkata
"However, then there has been a fall of debt-interest margin in this period. From 2001 to 2011, the Indian banking system has been able to catapult the extent of access to banking facilities among customers. In 2001, only 35 percent of the total populati #State Bank of India Group #Kolkata #KPMG
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China DailyBad loans at four-year high
Total assets of banking sector grow fivefold in past decade The headquarters of the Bank of China in Beijing. Major State-owned banks saw their non-performing loans rise by 14.6 billion yuan ($2.37 billion) in the first three months. MARK RALSTON / AFP B #Beijing #Bloomberg #Ernst & Young