Yesterday, the RBI announced in-principle Payment Bank licenses for eleven applicants. To put things in perspective, there were two new bank licenses in the last decade.
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Yesterday, the RBI announced in-principle Payment Bank licenses for eleven applicants. To put things in perspective, there were two new bank licenses in the last decade.
I am writing from Thatyur village in Theri district, Jaunour block - about 3.5 hours north of Dehradun in Uttarakhand, India.
Our mission to “ensure that every individual and every enterprise has complete access to financial services” took a significant step forward with an equity investment of US$ 25 million in IFMR Holdings by Accion, a financial inclusion pioneer, LeapFrog Investments, a specialist investor in emerging-market financial services, and Lok Capital, an Indian impact investment firm. IFMR Trust is the promoter and remains the majority shareholder of the company.
In the previous post of the blog series on financial depth, we attempted to understand the nature of the relationship between financial depth and economic growth.
This is the first post in our blog series on the concept of financial depth and the various methods to measure it. The introductory post summarizes the literature pertaining to the significance of financial depth.
The post focuses on the specific differences in client’s response to various aspects and attributes of micro-lending principles and practice, in rural and urban areas. It is based on observations* from the field visits done as part of our regular monitoring visits
This is the third post in our blog series on KGFS Model Incubation.
This is the third and final post in our blog series on the Battle of Economic Ideas.
The IFMR Trust Group has, since 2008, reached over 11 million financially excluded individuals across 24 states and 356 districts in India through its group companies, IFMR Finance Foundation, IFMR Rural Finance, and IFMR Holdings (IFMR Rural Channels and Services (IRCS),
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.
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.
