BIS Core Principles of Supervision for Effective Financial Inclusion

Bank for International Settlements released a consultative document in December 2015, entitled: “Guidance on the application of the Core principles for effective banking supervision to the regulation and supervision of institutions relevant to financial inclusion” inviting comments before 31st March 3016. This document meant for effective supervision of the non-banking financial intermediaries is the outcome … Continue reading “BIS Core Principles of Supervision for Effective Financial Inclusion”

Small Finance Bank Licenses issued to 8 companies by RBI

The Reserve Bank of India announced today that it has granted provisional “in principle licenses” to ten different financial entities to launch payment banks in India called Small Finance Banks. Out of the ten companies granted small finance bank licenses, 8 operate in the microfinance sector. The approval granted today is valid for 18 months … Continue reading “Small Finance Bank Licenses issued to 8 companies by RBI”

Saansad Adarsh Gram Yojana : Role of Banks

The Prime Minister Sri Narendra Modi had announced on 11th October 2014 that each Member of the Parliament(MP) of the Lok Sabha and Rajya Sabha should adopt three villages in his/her constituency and ensure their development  while focusing on improvements in the village economy which will lead to enrichment of human life. Saansad Adarsh Gram Yojana … Continue reading “Saansad Adarsh Gram Yojana : Role of Banks”

International Inclusive Finance Workshop held at XLRI

The 3rd International workshop in Inclusive Finance was organized at XLRI, Jamshedpur from 31st October to 2nd November 2014. The workshop spread over 3 days was inaugurated in the presence of Fr. E. Abraham S.J. (Director of XLRI), Mr. B Sriram (MD, SBI), Mr. Vijay Mahajan (Founder CEO, BASIX ) and Dr. H. K. Pradhan, … Continue reading “International Inclusive Finance Workshop held at XLRI”

Pradhan Mantri Jan Dhan Yojana and Financial Literacy

Financial Literacy & Economic Activity A Key To Success By Dr Amrit Patel The Pradhan Mantri Jan Dhan Yojana [PMJDY] launched on 28th August 2014 is a landmark initiative to link the hitherto excluded poor with the bank and a policy to help them join economic mainstream by removing financial un-touchability. The scheme envisages opening … Continue reading “Pradhan Mantri Jan Dhan Yojana and Financial Literacy”