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OPINION: Tech advancements have made India’s banks more vibrant
Over the past decade, the Indian banking sector has seen remarkable progress. It is clearly indicated by their healthy business growth, fast-paced credit expansion and profitability along with control over non-performing assets (NPAs).
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Chinese microcredit firm moves into online P2P lending
China Commercial Credit, the only mainland microcredit firm listed in the United States, will become the first such company to venture into peer-to-peer (P2P) lending as part of moves to expand beyond its base in Jiangsu province.
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The Power of National Targets in Financial Inclusion: The Alliance for Financial Inclusion discusses their potential and proper use
“National targets” are a familiar concept, and they’ve been used extensively by countries that rely on central planning for socio-economic development. However, many countries have misused the concept, misaligning their capacity and incentives. But Nimal Fernando argues that the process of setting national targets, if carried out right, can advance a country’s efforts toward financial inclusion.
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OPINION: Can microfinance be self-regulated?
The Reserve Bank’s recent announcement, recognising industry associations as self regulatory organisations (SRO) is being seen as a positive development for the microfinance industry (MFIs). But have MFI associations acquitted themselves well enough to deserve this regulatory mantle?
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Column: E-nabling financial inclusion
The imperative for financial inclusion is both a moral one as well as one based on economic efficiency. Should we not give everyone that is capable the tools and resources to better themselves, and in doing so, better the country?
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Private banks go offbeat to make inclusion effective
A decade ago, financial inclusion was merely a regulatory compulsion for most private banks in the country. But now many of them have stepped up efforts to improve the penetration of banking services, notwithstanding their disagreement over Nachiket Mor committee's recommendations on financial inclusion.
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Are Kenya’s mobile banking services unfair?
Safaricom's latest venture M-Shwari hits a speed bump, threatening Kenya's leadership in the global race for mobile money and banking adoption.
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Can Digital Currencies Change the World?
Riding on the Bitcoin hype, a legion of techno-optimists believes that digital crypto-currencies have the potential to transform ineffective global payment systems, and ultimately spur global financial inclusion.
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