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EXCLUSIVE: Bandhan Bank CEO on why we still need physical branches
The competition in the banking sector is all about services, Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer of Bandhan Bank, said in an exclusive interview with Moneycontrol's Beena Parmar. Since starting operations in August 2015, the Kolkata-headquartered lender has garnered a record deposit base of Rs 20,000 crore and a similar amount in its loan portfolio.
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- Uncategorized
- Region
- South Asia
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Artoo Partners with Microfinance Institution Grameen Koota in India
Grameen Koota, a pioneer in rural lending, is expanding its product portfolio and venturing into Individual lending for its rural customer base. To this end, it has partnered with FinTech firm Artoo to develop a digital lending model to launch Individual business loans. Artoo’s intelligent digital platform will enable it to go paperless and reduce loan approval and go-to-market time significantly.
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- Technology
- Region
- South Asia
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How Jack Ma’s Acquisition Of US-Based MoneyGram Could Be Good For Africans
China’s richest man, Jack Ma, and his acquisition of U.S.-based money transfer firm MoneyGram show the importance of remittances as a powerful driver of economic change at both the individual and international level, according to the competition.
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- Technology
- Region
- Sub-Saharan Africa
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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
- Region
- South Asia
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Social Business Roundup: Debating UBI in India, Pondering Change at WHO, Questioning SRI
In this week's social business roundup, our editors note the growing debate over replacing welfare programs with a universal basic income (UBI) in India, the limitations of WHO's donor-funded model, and an ironic side-effect of SRI's avoidance of "sin stocks" – among other developments making recent headlines.
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- Energy, Health Care, Investing
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New CGAP Survey Finds Technology Alone Cannot Deliver Successful Interoperability in Digital Financial Services
No matter how well designed the technology, interoperability in digital financial services will not reach its full potential unless the right business structure and incentives are in place, CGAP found in its new report, Digital Finance Interoperability and Financial Inclusion: A 20-Country Scan.
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- Technology
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IFC, The MasterCard Foundation, and FINCA Support Expansion of Financial Inclusion in Democratic Republic of Congo
IFC, a member of the World Bank Group, together with The MasterCard Foundation, on January 17 announced a cooperation agreement valued at $1 million with microfinance institution FINCA in the Democratic Republic of Congo. Under the agreement, FINCA will expand access to credit and digital financial services for low-income people and small-scale entrepreneurs.
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- Technology
- Region
- Sub-Saharan Africa
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Leveraging Loyalty: How m.Paani is mobilizing BoP consumer behavior for social good – Part 4 of our Digital Finance Plus series
Whether they’re frequent flyer miles or credit card rewards points, loyalty programs are a mutually beneficial way for companies to build relationships with customers. m.Paani is using digital finance tools to take that model in a new direction, by connecting BoP households’ commercial and social behaviors to points that can be redeemed for socially beneficial rewards.
- Categories
- Health Care, Impact Assessment, Technology