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India’s ICICI Bank plans to add more than 1.5 million accounts in FY15
ICICI Bank-India's largest private sector bank-in a move to take ahead its financial inclusion strategy is planning to add another 1.5 million bank accounts in this financial year.
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- Uncategorized
- Region
- South Asia
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The Companies Act has Promise, but Will India Inc. Cash In?: Business value and social good can converge if companies shift focus from compliance to results
There is much excitement in India around the social Companies Act, which stipulates that 2 percent of corporations’ profits must be spent on CSR. But the surge in CSR spending stemming from the new law will only be successful if execution looks markedly different from how CSR and philanthropic money has been spent in the past, says Dalberg’s Gaurav Gupta.
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- Uncategorized
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Reserve Bank of India Deputy Governor asks bankers to be innovative on home loans
Reserve Bank Deputy Governor R Gandhi today asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.
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- Uncategorized
- Region
- South Asia
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How China And Kenya Are Winning The Payment Wars — And Why The U.S. Should Worry
While many Americans consider alternative payments non-essential, the rest of the world is silently surpassing us.
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- Uncategorized
- Tags
- digital payments
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Indian MFIs lap up Narendra Modi’s financial inclusion drive, plan major expansion
MUMBAI: Enthused by the Centre's plan to open 7.5 crore bank accounts over the next few years, MFIs and other such financial institutions that are working in rural areas have charted out massive expansion plans.
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- Uncategorized
- Region
- South Asia
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- microfinance
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Wells Fargo creates startup accelerator to get front-row seat on financial innovation
Wells Fargo & Co. has established the Wells Fargo Startup Accelerator, designed for startups pursuing innovation in financial services.
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- Uncategorized
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Safaricom cuts fees on low and medium value M-PESA transfers
Leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Stop charging high interest rates, Bank of Ghana tells MFIs
Microfinance companies have been urged not to charge high, unsustainable interest rates by the Head of Other Financial Institutions Supervision Department of the Bank of Ghana (BoG), Mr Raymond Amanfu.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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