Posts Tagged ‘Financial inclusion’

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“Financial Inclusion is fundamental for good Democracy” – Jayanthi Natrajan

“Financial Inclusion is fundamental for good Democracy” – Jayanthi Natrajan
Microfinance Focus, Oct 8, 2010:(Chennai) Addressing the National Conference on Inclusive Growth in India with an emphasis on Financial Inclusion, Jayanthi Natrajan, Spokesperson for All India Congress Committee, said “Financial inclusion is fundamental for a good democracy and the very meaning of democracy is meaningless without financial inclusion”, on Thursday in Chennai. Pointing out to National ... Full story

RBI permits for-profit companies to become BCs

Microfinance Focus, September 30, 2010: For extending banking services to the underserved, the Reserve Bank of India (RBI) has decided to permit banks to engage for-profit companies registered under the Indian Companies Act, 1956, excluding Non Banking Financial Companies (NBFCs), as Business Correspondents (BCs) in addition to the entities permitted earlier. RBI has earlier placed a discussion paper on engagement of ‘for profit’ companies as BCs ... Full story

“Financial Services required for covering basic needs”-Princess Maxima

Microfinance Focus, Sep 24, 2010: H.R.H. Princess Máxima of the Netherlands, the UN Secretary-General’s Special Advocate for Inclusive Finance for Development spoke about the significance of Financial Inclusion in achieving development goals on a side-event ‘Financial Inclusion: A Path to the Millennium Development Goals’ during the MDG Summit 2010 on September 22 in New York. Drawing attention of the gathering to the fact that none of ... Full story

Rural Financial Inclusion scheme rolled out in Bihar

Microfinance Focus, Aug 28, 2010: Glodyne Technoserve, a technology services company in partnership with the Government of Bihar has rolled out rural Financial Inclusion services in the state providing banking facility to the 25 million ‘E-shakti’ MNREGS (National Rural Employment Guarantee Scheme) project. The scheme was rolled out by Chief Minister of Bihar, Mr. Nitish Kumar on Friday in Patna. Smaarftech Technologies, a subsidiary of Glodyne ... Full story

Financial Inclusion Regulation Center launched by CGAP

Microfinance Focus, Aug 21, 2010: Plugging the information gap on financial inclusion laws and regulations, the Consultative Group to Assist the Poor (CGAP) has launched a Financial Inclusion Regulation Center, which provides a broad, timely collection of the laws and regulations most relevant to key financial inclusion topics. The Regulation Center includes detailed profiles on nearly 30 countries across the globe. These profiles provide an overview ... Full story

Asia Microfinance Forum 2010 to focus on Financial Inclusion in Asia

Microfinance Focus, Aug 20, 2010: The Asia Microfinance Forum 2010 convened by the Banking With the Poor Network (BWTP) and organised by the Foundation for Development Cooperation (FDC) will be held in Colombo, Sri Lanka from 12-15 of October 2010. Citi Foundation is Lead Sponsor and Hatton National Bank, the Local Host for this event. Microfinance Focus will be the official media partner of the ... Full story

Regional Rural Banks expanding outreach for financial inclusion

Microfinance Focus, Aug 18, 2010: In an Annual Review Meeting of Regional Rural Banks (RRBs) held on 25th July, 2010 under the chairmanship of Mr. Pranab Mukherjee, the Finance Minister of India, the status of Financial Inclusion in the country was reviewed. Issues like credit flow to agriculture, current viability, non-performing assets position, Core Banking Solutions (CBS) in RRBs and branch expansion of RRBs were discussed ... Full story

Greater participation of mobile money in empowering the poor required: Tech@State

Microfinance Focus, Aug 16, 2010: The rapid proliferation of cellular phones around the world “has changed the course of human development,” Under Secretary of State for Democracy and Global Affairs Maria Otero said August 2 at the State Department conference “Tech@State: Mobile Money and Financial Inclusion.” Yet, at the same time, 1.7 billion low-income cell phone users do not have a bank account. In effect, they ... Full story

Joint Venture between Banks & Telecom crucial for financial inclusion

Microfinance Focus, Aug 10, 2010: The Internet and Mobile Association of India (IAMAI) in association with Itz Cash recently conducted the 3rd Financial Inclusion and Digital Payments Conference titled “Cash to Cashless Society” in Mumbai. Identifying digital payments as the way forward to push economic growth, the conference provided a platform to discuss and deliberate the best plausible approach required to model a system to drive ... Full story

Microfinance News Synopsis: AMCON should accommodate MFBs, Omeh

Microfinance Focus, July 28, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. AMCON should accommodate MFBs, Omeh: The National Association of Microfinance Banks (NAMB) has asked the Central Bank of Nigeria (CBN) to include its members in the operation of the newly introduced Assets Management Corporation of Nigeria (AMCON). Speaking at the inaugural meeting of ... Full story

“Strengthen SHGs for Financial Inclusion of small & marginal farmers”-Finance Minister

Microfinance Focus, July 21, 2010: Addressing a meeting with the Chief Ministers of South Zone States and Administrators of Union Territories (UTs) & Chairmen and Executive Directors of Banks in Hyderabad yesterday, Finance Minister, Shri Pranab Mukherjee has emphasized the need for strengthening of movement of Self-help Groups for financial inclusion so that small and marginal farmers could get access to higher doses of credit ... Full story

Microfinance News Synopsis: SKS may fix IPO price band at Rs 600-Rs 700

Microfinance Focus, July 20, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS may fix IPO price band at Rs 600-Rs 700: SKS Microfinance is looking to raise around Rs 1,500 crore through its proposed initial public offering. With a price band of Rs 650-700 a share, the first microfinance company to go public will ... Full story

Microfinance News Synopsis: MFIN to appoint four regional ombudsmen

Microfinance Focus, July 5, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. MFIN to appoint four regional ombudsmen: The Microfinance Institutions Network (MFIN), which has 39 members, would appoint four regional ombudsmen within three months to oversee good governance in the sector, according to MFIN president and Basix chairman Vijay Mahajan. Speaking to the media ... Full story

Microfinance News Synopsis: Challenge of financial inclusion

Microfinance Focus, July 3, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Challenge of financial inclusion: In his recent book Building Social Business, Muhammad Yunus notes that, in the 1960s, no one predicted that the Internet would take the world by storm; that laptops, palm-tops, Blackberrys, i-pods, i-phones, tablets and Kindles would be in the ... Full story
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