Niche banking in India: Draft Guidelines for Payments Banks
The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households recommended developing a vertically differentiated banking structure, in which banks specialise in one or more of three functions- payments, credit delivery and retail deposit taking.
NBFCs can now sign up to become Business Correspondents
Removing an earlier restriction that the Reserve Bank had placed on NBFCs, the RBI today has restored the permission for non-deposit taking NBFCs (NBFC-ND) to become Business Correspondents (BCs) to commercial banks, as recommended by the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households (CCFS).
Will linking Aadhaar, India Post revolutionise banking?
Recently Bindu Ananth participated in a panel discussion as part of Network 18’s “Change India: Experiments with Big Ideas” TV series.
Local address proof no longer a hurdle for unbanked Indians
Imagine you are a labourer in a village in Odisha and have painstakingly completed your Aadhaar formalities (for which you gave a proof of permanent address and your fingerprints).
Local Address Proof no longer a bottleneck to account opening
Customers attempting to open a savings bank account in a scheduled commercial bank will no longer require to furnish proof of current address if the customer is staying at a location that does not correspond with that of his or her permanent address.
What Ails Social Security for the Indian Unorganised Sector? Challenges in Design and Implementation
This post is the first in a series on Social Security for the Indian Unorganised Sector.
Financing Metropolitan Governments in Developing Countries
The investment requirement of urban infrastructure over the next 20 years is estimated by the Isher Ahluwalia Committee to be in the region of Rs. 40 lakh crore.
The Role of Financial Inclusion and Financial Deepening
Financial inclusion and financial deepening have an important role to play in promoting economic growth and reducing poverty and inequality, while mitigating systemic risk and maintaining financial stability.
Does Microcredit Benefit the Poor? New Evidence from a Long Panel Survey of Microfinance Clients in Bangladesh
Microfinance has long been seen by many as a panacea for fighting poverty by providing access to financial services to low-income population considered unbankable by the traditional financial system.
Digital Currencies and the Larger Questions they Raise
Digital currencies have generated substantial curiosity over the last year, particularly post the favourable1 hearing that Bitcoin, a prominent digital currency2, received at the US Capitol hill in November 2013.
