Category: Uncategorised

On June 1st, 2008, the journey of KGFS began with the inauguration of the first branch of Pudhuaaru KGFS in Karambayam village of Thanjavur district, Tamil Nadu. From its humble origins, today Pudhuaaru KGFS has 87 branches operating in the remote rural regions of Thanjavur district (Thanjavur, Kumbakonam and Pattukottai) serving a total of 1460 villages in the area.

Sahastradhara KGFS started its operations in the year 2008 with a mission “to maximise the financial wellbeing of every individual and every enterprise by providing complete financial services in remote rural Garhwal”.

This is the first blog post in the KGFS (Kshetriya Gramin Financial Services) Model Incubation series.

This post is the first post in a new blog series that would delve and deliberate on different aspects of designing a framework that would enable a credit institution to identify the exposure to extreme events and to estimate the potential losses due to such events. 

Below is an excerpt from a blog post that Rachit Khaitan & Vaishnavi Prathap of IFMR Finance Foundation had authored for the CGAP blog:

In addition to the previously announced call for research proposals under the NSE-IFF Financial Deepening and Household Finance Research Initiative,

Note: You can know more about the model by reading the paper “The Pursuit of Complete Financial Inclusion: The KGFS Model in India” published by CGAP.

Since its introduction in 2010, IMPS based mobile banking transactions have been growing month on month reaching 3.5 Million monthly transactions in May 2014.

IFMR Capital recently closed its first ratings advisory with a leading NBFC in India.