Banking On India

Falling incentives, rising costs push Ola, Uber drivers on a one-way road to debt

Unless cab aggregators take immediate steps to hike their earnings and improve driving conditions, cutting the cord may be the only way out for these drivers

Bengaluru street vendors yet to get a cooperative society to look after their interests

Vendors unable to avail bank loans in absence of ID cards to be issued by BBMP

Health workers promote financial literacy in Gujarat

A bank account subtly shifts the balance of power in the family towards the woman.

Rural Meghalaya’s long road to an ATM

The government must improve power supply, telecoms connectivity to make its digital dreams a reality. Easier ways to deposit and withdraw cash would be welcome.

MUDRA can help create employment in Haryana, but the govt seems to be sleeping on the job

The MUDRA scheme, launched under PMMY in 2015, provides low-interest loans to micro-finance institutions (MFIs) and non-banking financial institutions

It’s no mystery why banks have little appeal to the urban poor: They serve no purpose

Banking system is incomprehensible and quite inaccessible for many of the urban poor. The most important service they need from banks is money- transfer

In the Malwa region of Punjab, banks behave like petty moneylenders

Banks in Punjab's Malwa region have come under pressure from the state government to go easy on farmers who are unable to service their loans

Opening branches in rural India is a loss making venture for banks

With RBI directing banks to open more brick and mortar branches at village level, Haryana government has been way short of its target

Money lending by Punjab’s rich farmers is widening the wealth gap in state's countryside

A large proportion of farmers in Punjab relies on borrowing from big farmers as it does not involve paperwork required when applying for loans from banks

How Shivalik Mercantile Bank invented Jan Dhan banking

Shivalik Mercantile has 25 branches in Uttar Pradesh and in several states across the country. The RBI has certified Shivalik as a multi-state cooperative bank.