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Indian PM asks banks to make financial inclusion a national priority
Indian Prime Minister Narendra Modi on Monday asked banks to make the opening of bank accounts in 70 million households this year a national priority.
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- Uncategorized
- Region
- South Asia
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Male Rickshaw Drivers Playing Key Role In Maternal Health Campaign In India
As the autorickshaws begin lining up inside the compound at 7 a.m., Vijaylakmi Sahu knows she has just 30 minutes to finish her work. Over the next half hour, Sahu works with clockwork precision. She ensures that the temperatures of the vaccines for pregnant women and children are checked before they are packed under her supervision in cold boxes. After that, three to five autorickshaws, known as the Immunization Express, head off to the villages where mothers, children and pregnant women await them.
- Categories
- Health Care
- Region
- South Asia
- Tags
- vaccines
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In India, 50% of microfinance institutions could convert to banks, says regulatory body CEO
About half of the Microfinance Institutions Network’s 49 members could follow in the footsteps of Kolkata-based Bandhan and convert themselves into banks in the next couple of years, according to a top official.
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- Uncategorized
- Region
- South Asia
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OPINION: Formal employment remains key to financial inclusion in India
We believe the biggest boost to financial inclusion will come from a push to higher employment in the formal sector, especially regular, salaried employment.
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- Uncategorized
- Region
- South Asia
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Bharti Airtel in talks with State Bank of India for mega alliance
Days after the Reserve Bank of India introduced draft norms for small and payments banks to boost financial inclusion, the nation's largest telco and the nation's largest lender are exploring a mega alliance.
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- Uncategorized
- Region
- South Asia
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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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Tata Group donates $15.5M to IIT Bombay to develop low-cost solutions for BoP consumers
Indian multinational conglomerate Tata Group has donated $15.5 million (Rs 95 crore) to IIT Bombay (IIT-B) to setup a virtual centre, which would focus on developing low-cost technologies for the bottom of the pyramid (BoP) consumers, says a report in The Economic Times, quoting IIT-B director Devang V Khakhar.
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- Education, Health Care
- Region
- South Asia
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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
- Tags
- microfinance
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