Bank accounts for all adults by 2016 very much possible: Mor

Last Updated: Friday, January 10, 2014, 21:06

The target of having a bank account for all adults in India by 2016 is not too ambitious and can be achieved with progress made in Aadhaar number rollout, said Nachiket Mor, who headed the RBI panel on financial inclusion.

Gold loan NBFCs welcome RBI move to raise LTV

Last Updated: Thursday, January 9, 2014, 21:06

Non-bank entities lending against gold today welcomed Reserve Bank's move to raise loan amount against pledged gold, saying the move will facilitate financial inclusion, provide a level playing field in their favour and deliver more value to customer's assets.

RBI committee invites suggestions on financial inclusion

Last Updated: Friday, October 4, 2013, 21:52

The Reserve Bank today said its Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households has invited suggestion from stakeholders on development of financial services delivery model.

Poor are more trustworthy and bankable, says Chidambaram

Last Updated: Tuesday, October 1, 2013, 21:46

Seeking to promote financial inclusion, Finance Minister P Chidambaram today called upon banks to focus on poor customers who are more trustworthy and "bankable" as compared to large borrowers.

Financial inclusion is not charity, says Chakrabarty

Last Updated: Thursday, August 1, 2013, 16:21

Reserve Bank Deputy Governor K C Chakrabarty has said banks cannot do financial inclusion as "charity" but only as a viable business model and for long- term survival achieving this is a must.

Maharashtra to get 15,000 micro-ATMs from Centre for rural inclusion

Last Updated: Sunday, June 23, 2013, 13:15

In order to facilitate financial inclusion of people from remote areas in the state, Maharashtra will get around 15,000 micro-ATMs from Centre.

Banks asked to review activity levels in financial inclusion a/cs

Last Updated: Sunday, October 7, 2012, 13:48

Government has asked public sector banks (PSBs) to review the level of activity in rural accounts which were opened under financial inclusion drive.

Ensure one a/c per family among urban poor: Govt to banks

Last Updated: Sunday, August 26, 2012, 11:41

The directive comes at a time when the government has been "emphasising the need" for transferring all benefits including Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) wages and various cash subsidies to beneficiaries by direct credit to their bank accounts.

RBI asks banks to innovate cost effective village branch model

Last Updated: Thursday, July 5, 2012, 18:05

The Reserve Bank has asked banks to develop cost effective village branch model in order to promote financial inclusion.

Vijaya Bank opens 171 ultra small branches in a single day

Last Updated: Monday, June 25, 2012, 19:54

Chairman and Managing Director H S Upendra Kamath inaugurated 100 such branches in FI villages of Mandya District in Karnataka.

'Financial inclusion work not satisfactory in some areas'

Last Updated: Wednesday, April 25, 2012, 18:07

The Reserve Bank Deputy Governor KC Chakrabarty has said the work on financial inclusion to make available basic amenities for the poor is still lacking in some parts of the country and efforts should be made to broad base the achievements.