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Microfinance major Ujjivan commences its small finance bank operations in India
India-listed microfinance major Ujjivan Financial Services Ltd has begun the process of restructuring its business to becoming a small finance bank, following the Reserve Bank of India’s approval of its bank licence in September 2015. The new banking entity Ujjivan Small Finance Bank (Ujjivan SFB) began operations with effect from February 1, 2017.
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- Uncategorized
- Region
- South Asia
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Telangana Launches India’s First Social Innovation Hub in Nizamabad
Telangana IT Secretary Jayesh Ranjan made this announcement at the one-day Development Dialogue, an international social entrepreneurship ecosystem conference hosted by Kakatiya Sandbox.
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- Uncategorized
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- South Asia
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This Social Entrepreneur is Transforming Rural Lives
Passionately carrying forward his father’s vision of rural development and ‘bottom-up approach’ as the key to the country’s development, this social entrepreneur Arun Nagpal, Co-founder, Mrida is creating transformational impact on the lives of the rural people with his small interventions.
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- South Asia
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FICCI Report Explores Promises and Challenges of FinTech in India
The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few.
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- Technology
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- South Asia
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Report: Accelerating Financial Inclusion in South-East Asia
Promoting the use of formal financial services continues to be a challenge, and the depth of engagement varies with different financial products: Only 18% of adults use a bank account to receive wages or pay utility bills, and only 11% borrow from formal sources.
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- Technology
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- South Asia
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Wall Street Journal Launches the Financial Inclusion Challenge 2017
For the third year, The Wall Street Journal invites nonprofit and for-profit enterprises to enter “The Financial Inclusion Challenge” competition and to showcase their solutions to the problems of financial access for the poor in the Asia-Pacific region.
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- Uncategorized
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- South Asia
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Financial services firm IFMR Holdings expanding to target bottom 600 million people in India
Financial inclusion services provider IFMR Holdings, which will complete a decade this year, will embark on a major expansion drive.
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- Uncategorized
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- South Asia
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India’s Medical Tourism Gets Africa’s Attention
Nagged by a sharp back pain three years ago, Abidemi Ogbonna from Lagos, Nigeria, decided to visit a nearby hospital called Apollo. Thinking it was just a minor problem, she was shocked when her physician informed her that she urgently needed a kidney transplant.
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- Health Care
- Region
- South Asia
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