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Pakistan banks embark on financial inclusion
The Pakistani banking sector, which has already been highly profitable, is on track to expand further with millions of new customers set to enter its fold owing to financial inclusion initiatives. The priority target of the Financial Inclusion Plan (FIP) is to raise the number of customers with access to bank accounts and services to 50 per cent of the adult population. The number was 23 per cent in 2015 and 12 per cent in 2008.
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- Uncategorized
- Region
- North Africa & Near East
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Impact businesses in India are attracting investments with healthy returns
Businesses that tap a large number of customers in the lower-income bracket and are established with a clear social objective are increasingly becoming an attractive asset class in India, as they are globally. In India, while rural micro-credit, and then urban microfinance, saw growth and success over the last two decades, these businesses are now coming to the fore in a growing number of verticals and catching serious investor interest.
- Categories
- Investing
- Region
- South Asia
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De-Mythifying Financial Education
Many organizations have discovered that it's difficult to bring comprehensive and sustainable financial capability to the BoP. Recognizing that financial education is complex and influenced by the clients' environment, MicroSave has developed a framework for those planning interventions, including four key lessons that should be at the forefront of any design.
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- Education
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National Payments Corporation of India begins pilot project to digitize transactions in microfinance sector
Under the project, RBL Bank will disburse loans and HDFC Bank will receive loan repayments for the transactions of Svatantra Microfinance using Aadhaar and USSD based facilities.
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- Technology
- Region
- South Asia
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Bharat Financial begins Aadhaar-based cashless loan disbursal in India
In a first of its kind move in the micro-finance and financial-inclusion space, Bharat Financial Inclusion on Wednesday launched Aadhaar-based instant and cashless loan disbursal. It took less than seven minutes for 30-year-old Guddi Devi to apply and receive ₹29,565 loan for a new grocery shop she intends to set up.
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- Technology
- Region
- South Asia
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Securitization portfolio of Indian microfinance industry plummets in Q3 due to note ban
The cash-intensive microfinance industry’s securitisation portfolio plummeted in the quarter ended December because of demonetisation, according to a report released on Thursday by Microfinance Institutions Network (MFIN).
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- Technology
- Region
- South Asia
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Client Outcomes Data in Microfinance: Few Have It But Everybody Needs It
Many recent studies have found that microfinance has no impact, or minimal positive impact, on clients’ lives. To find out why and to fix the problem, financial service providers need client outcomes data, but few FSPs collect it because they think it would be too expensive and time-consuming. Turns out, according to the SPTF Outcomes Working Group, it's not.
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- Uncategorized
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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.
- Categories
- Uncategorized
- Region
- South Asia
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