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Govt to bring 21st century financial system to every doorstep

Last Updated: Friday, February 27, 2015, 16:13

Government is committed to bring 21st century financial system to every household in the country and was taking a number of steps in this regard, Lok Sabha was informed on Friday.

RBI says overdraft under Jan-Dhan is priority sector lending

Last Updated: Wednesday, February 25, 2015, 18:35

Giving a big boost to Pradhan Mantri Jan-Dhan Yojana (PMJDY), the RBI Wednesday said bank overdrafts of up to Rs 5,000 in accounts opened under this financial inclusion mission will be treated as priority sector lending.

Banks opened 13.2 cr new accounts under Jan Dhan Yojana: Prez

Last Updated: Monday, February 23, 2015, 13:34

A record 13.2 crore new bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana in last six months with Rs 11,000 crore coming in as deposits, President Pranab Mukherjee said today.

PSU bank unions threaten 4-day nation-wide strike from Feb 25

Last Updated: Friday, February 20, 2015, 21:01

Public sector bank employee unions on Friday threatened go on a four-day nation-wide strike beginning February 25 to press for their wage-related demands.

Arun Jaitley to meet heads of PSU banks on Mar 5

Last Updated: Tuesday, February 17, 2015, 19:34

Finance Minister Arun Jaitley will meet heads of public sector banks on March 5 to review credit offtake as well as the progress made under the Jan Dhan Yojana.

Bank employees threaten to go on 4-day strike from Feb 25

Last Updated: Saturday, February 14, 2015, 19:35

Unions of bank employees on Saturday threatened to go on a four-day strike from February 25 to be followed by an indefinite strike from March 16 if their wage hike and other demands are not met immediately.

India a nearly '100% banked country', UN told

Last Updated: Saturday, February 7, 2015, 10:20

India is a "nearly 100 percent banked country" that offers its citizens universal access to financial services aimed at spurring development, a UN commission heard Thursday.

Expand Jan Dhan beyond bank accounts, says ex-RBI Guv Subbarao

Last Updated: Friday, February 6, 2015, 18:14

Lauding the government's Jan Dhan initiative, former RBI Governor D Subbarao today said this financial inclusion programme should be expanded to also ensure remittance and credit facilities for the poor.

Govt to review life cover scheme under Jan Dhan after 5 years

Last Updated: Sunday, February 1, 2015, 11:51

Under the PMJDY, a person who opened bank account for the first time during August 15, 2014 to January 26, 2015 is eligible for the life insurance scheme.

Unbridled financial inclusion can create problems: RBI

Last Updated: Thursday, January 29, 2015, 23:10

The Reserve Bank on Thursday cautioned that "unbridled" financial inclusion drive could create problems and asked banks to take adequate safeguards in this regard.

Over 20 companies to support Jan Dhan Yojana

Last Updated: Wednesday, January 28, 2015, 12:44

Over 20 Indian, US and other international private sector organisations will partner USAID in supporting the central government`s Jan Dhan Yojana programme, a statement said on Wednesday.

PM Modi hints Jan Dhan account holders may get credit, pension

Last Updated: Saturday, January 24, 2015, 20:52

Prime Minister Narendra Modi Saturday asked bankers to speed up the process of linking all Jan Dhan bank accounts to Aadhaar and indicated that these accounts would be used for providing credit, insurance and pension services in the second phase of the scheme.