June 1st marks the 9th anniversary of KGFS since it first began its operations in the Thanjavur district of Tamil Nadu. From opening its first branch in the Karambayam village, KGFS now has 221 branches spread across around 2000 villages of Tamil Nadu, Orissa and Uttrakhand, catering to over 715,000 customers.
In April, the Future of Finance Initiative (FFI) hosted a series of closed door workshops with a small set of digital financial service providers focusing on payments, credit and investments.
In the below video we share a brief conversation with Mr. Ulrich Hess, GIZ.
Natural disasters leave behind them a tale of death and destruction that affects the economy on the whole and severely impacts communities, especially low-income households, which bear its brunt.
These less-discussed applications of fintech can transform microloan pricing and personal finance, leading to fair lending and wider inclusion
These less-discussed applications of fintech can transform microloan pricing and personal finance, leading to fair lending and wider inclusion
The Future of Finance Initiative (FFI) is housed within the IFMR Finance Foundation (IFF) and aims to promote policy and regulatory strategies that protect individuals accessing finance given the sweeping changes that are reshaping retail financial services in India. Our vision is for every individual to have universal access to suitable financial services using a range of channels that enable them to transact securely and confidently.
The Reserve Bank of India (RBI) released the Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India (Draft Circular) on 20 March 2017.
Following our initial post on a brief comparison of grievance redressal mechanisms existing in India for financial services, at first glance it can be seen that there is considerable variation in the process elements among the various sector ombudsmen.
This is the first of a two-part blog series on the state of Grievance Redress in the Indian Financial System.
In all our research efforts, we strive to maintain an independent voice that speaks for the low-income household and household enterprises. Our ability to perform this function is significantly enhanced by our commitment to disseminate as a pure public good, all the intellectual capital that we create.
