Rural Banking

VASCO Plays Authenticator To RBI's New Rural Banking Initiative

In order to improve confidence of people in remote areas in banking operations, the Reserve Bank asked business correspondents to operate from Ultra Small Branches.

SBI and Microsoft to work together to use White Space technology for banking in rural areas

State Bank of India is said to be in talks with Microsoft to use the TV White Space technology to ensure seamless digital banking in rural areas, where connectivity can be an issue.

Demonetisation: If Oppn wants, Modi will intervene, says Rajnath Singh in Lok Sabha

Seeking to break the deadlock, Home Minister Rajnath Singh on Monday told Lok Sabha that Prime Minister Narendra Modi will speak on demonetisation if the Opposition wanted

Bandhan Bank is born: Chandra Shekhar Ghosh's incredible journey from a sweet shop to owning a bank

Bandhan Bank, India's latest private lender, will be officially launched in Kolkata on 23 August.

SKS to Vodafone: Microlenders, telcos may emerge as banks to serve poor

India is set to witness the biggest banking revolution ever happened. Good news for half of the country’s unbanked poor

Govt is doing the right things to overcome this period of stress: FM

Asserting that the government has the capacity to overcome "this period of stress", Union Finance Minister Chidambaram today said the current account deficit will be contained below $70 billion this fiscal.

How banks can use HUL's sachet strategy to crack rural market

The simple strategy was to improve one's profitability in a manner affordable to the rural consumer. According to Sanjeev Bhasin, General Manager and CEO of Development Bank of Singapore ( DBS) the same analogy can be applied to banking as well.<br /><br />

Bank or no bank, Tatas to set up 15000 ATMs in 3 years

Tatas do not have permission to open a bank in India yet but Tata Communications Payment Solutions Ltd (TCPSL), a wholly-owned subsidiary of Tata Communications Ltd, will rollout 15,000 white label ATMs in the next three years, two-third of which will be in smaller towns.<br /><br />

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.

Financial inclusion: RBI allows banks to front-load rural foray

According to the existing annual branch expansion plan norms, banks have to open 25 per cent of their new branches in unbanked rural areas.