Posts Tagged ‘banks’

MicrofinanceFocus, July 21, 2009: The Reserve Bank of India has urged big IT firms to involve more in the cause of financial inclusion, which is a major challenge before the nation. Speaking to ET at a seminar on financial inclusion organised by consultancy firm Skoch in Mumbai last week, K. C. Chakrabarty, Deputy governor of RBI, said: “The scale of business in financial inclusion is so big that we need participation from big IT companies.” Mr Chakrabarty also said that the RBI will come out with more guidelines for the sector in a month's time. Full story

MicrofinanceFocus, July 21, 2009: The Asian Development Bank’s (ADB) Board of Directors has approved a Safeguard Policy Statement that will strengthen protections already in place to avoid or minimize the adverse impacts of ADB-supported projects which among others, include focus on capacity development of borrowers. With the approval of the new Safeguard Policy Statement on Monday, the bank has concluded a very extensive and highly consultative ... Full story