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The Curious Case of 4.5 Million Jan Dhan Accounts That Were Closed During India’s Demonetisation Chaos
The Narendra Modi government’s flagship financial inclusion scheme—the Pradhan Mantri Jan-Dhan Yojana (PMJDY)—has always been about big numbers.
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- South Asia
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Airtel launches payments bank in India
Bharti Airtel today said it will invest Rs 3,000 crore in its payments bank, as it became the first off the block to launch the new model of banks aimed at taking financial services to the millions who are outside the banking system.
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- South Asia
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In Social Enterprises the Challenge Lies in Indentifying Unique Opportunities
Social enterprises implement commercial strategies in an endeavor to maximize social and economic benefits. Most of them are focused on skill development in India but the fact remains that in the startup space it becomes difficult to put profitability and social benefits in the same platter.
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- South Asia
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Demonetisation has hit micro loans repayment in India
Demonetisation of high-value currency notes has hit repayments of micro loans, many of which originated in Uttar Pradesh and Madhya Pradesh and were adversely impacted following political intervention by local leaders and rumours of loan waivers, Rating Agency ICRA has said.
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- South Asia
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Kenya’s Commercial Bank of Africa gears up for expansion into Rwanda
Rwanda’s central bank says it is processing a licence application by Commercial Bank of Africa (CBA) to enter the country by March. Rwanda’s central bank governor John Rwangombwa was quoted in a Rwandan publication saying the National Bank of Rwanda is in the final stages of licensing the Kenyan headquartered CBA to operate in the country.
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- Sub-Saharan Africa
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Maharashtra govt endorses Paytm in circular issued to promote digital payment
Last month, All India Congress Committee (AICC) general secretary and Maharashtra in-charge Mohan Prakash sought to know how mobile wallet Paytm could place full-page advertisements in national newspapers hours after Prime Minister Narendra Modi announced demonetisation on 8 November.
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- fintech
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Sparking Change: Social Enterprise Serves Up Feminism With Beer and Fashion
When men were served alcohol in cans bearing slogans such as “consent can’t come after you do” and “nipples are nipples” at a recent event in Adelaide, their reaction was as good as the brewers could have hoped for.
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The Hidden Impact of Microcredit: Three Under-recognized Ways the Industry Can Help Emerging Markets
Microcredit has historically been evaluated – and often found lacking – on the terms that the industry was built on: raising the income, investment and consumption of clients. But, according to Timothy Ogden, there are other ways that microfinance may have had an impact, including helping to build institutions, training people in the technology of management, and strengthening civil society.
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