-
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.
- Categories
- Uncategorized
- Region
- South Asia
-
150 Million Bank Accounts – Is That Enough?: Infrastructure is only one part of designing an inclusive financial system in India
Indian prime minister Modi recently announced an ambitious new plan for financial inclusion for all Indians. The plan focuses on the estimated half of the country’s population that does not use a bank, providing them with debit cards and insurance policies (among other things). But IPA points out that creating an inclusive financial system will require more than ATM cards.
- Categories
- Uncategorized
-
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.
- Categories
- Uncategorized
- Region
- South Asia
-
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.
- Categories
- Uncategorized
- Region
- South Asia
-
Smart Loan Products, Smarter Lending Approach: Kazakhstan’s Asian Credit Fund serves the country’s financially underserved, rural poor
There’s a dramatic income gap between rich and poor in Kazakhstan. Recognizing this, in recent years Asian Credit Fund (founded in 1997 by Mercy Corps) has been targeting the country’s most remote areas, adapting its products to the rural context, with a sustainable twist.
- Categories
- Uncategorized
-
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.
- Categories
- Uncategorized
- Region
- South Asia
-
Glo launches Nigeria’s 1st Mobile Money Agent Network – Central Bank lauds initiative
GLOBACOM, Nigeria’s national telecommunications carrier, has launched Glo Xchange, a Mobile Money Agent Network, aimed at accelerating mobile money revolution and financial inclusion in the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
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.
- Categories
- Uncategorized
- Region
- South Asia
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.