Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Have bank accounts for all by Jan 2016: RBI panel    </title>
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MUMBAI: Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016.


It also suggested that facility for..."/>
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MUMBAI: Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016.


It also suggested that facility for..." />
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                            <div align="justify">-PTI</div><p align="justify"><br /><em>MUMBAI: </em>Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016.</p><p align="justify">It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country.</p><p align="justify">&quot;By January 1, 2016 each resident, above the age of 18, would have an individual, full-service, safe, and secure electronic bank account,&quot; Mor said in a report by the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households. </p><p align="justify">The panel, headed ex-ICICI Bank executive director Nachiket Mor, was set up by Raghuram Rajan on the day of taking over as the RBI governor, to suggest steps for promoting financial inclusion.</p><p align="justify">The panel advocated setting up of 'Payments Banks' to &quot;provide payment services and deposit products to small businesses and low-income households&quot; with a maximum balance of Rs 50,000 per customer.</p><p align="justify">These banks can be set up with minimum capital requirement of Rs 50 crore, one-tenth of the Rs 500 crore required for full-service bank.</p><p align="justify">Permission to banks for pricing farm loans below base rate should be withdrawn, the Mor report said.</p><p align="justify">It also suggested that Aadhaar card should be used automatically opening a bank account.</p><p align="justify">RBI is currently sifting through the application of 25 companies to get into the banking fray for which one of the key eligibility criteria is their vision for financial inclusion. </p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/Have-bank-accounts-for-all-by-Jan-2016-RBI-panel/articleshow/28522978.cms" class="re" target="_blank">The Times of India, 7 January, 2014, http://timesofindia.indiatimes.com/business/india-business/Have-bank-accounts-for-all-by-Jan-2016-RBI-panel/articleshow/28522978.cms</a><div class="clear"></div>
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                            <div align="justify">-PTI</div><p align="justify"><br /><em>MUMBAI: </em>Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016.</p><p align="justify">It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country.</p><p align="justify">&quot;By January 1, 2016 each resident, above the age of 18, would have an individual, full-service, safe, and secure electronic bank account,&quot; Mor said in a report by the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households. </p><p align="justify">The panel, headed ex-ICICI Bank executive director Nachiket Mor, was set up by Raghuram Rajan on the day of taking over as the RBI governor, to suggest steps for promoting financial inclusion.</p><p align="justify">The panel advocated setting up of 'Payments Banks' to &quot;provide payment services and deposit products to small businesses and low-income households&quot; with a maximum balance of Rs 50,000 per customer.</p><p align="justify">These banks can be set up with minimum capital requirement of Rs 50 crore, one-tenth of the Rs 500 crore required for full-service bank.</p><p align="justify">Permission to banks for pricing farm loans below base rate should be withdrawn, the Mor report said.</p><p align="justify">It also suggested that Aadhaar card should be used automatically opening a bank account.</p><p align="justify">RBI is currently sifting through the application of 25 companies to get into the banking fray for which one of the key eligibility criteria is their vision for financial inclusion. </p>                                                           
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                            <div align="justify">-PTI</div><p align="justify"><br /><em>MUMBAI: </em>Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016.</p><p align="justify">It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country.</p><p align="justify">&quot;By January 1, 2016 each resident, above the age of 18, would have an individual, full-service, safe, and secure electronic bank account,&quot; Mor said in a report by the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households. </p><p align="justify">The panel, headed ex-ICICI Bank executive director Nachiket Mor, was set up by Raghuram Rajan on the day of taking over as the RBI governor, to suggest steps for promoting financial inclusion.</p><p align="justify">The panel advocated setting up of 'Payments Banks' to &quot;provide payment services and deposit products to small businesses and low-income households&quot; with a maximum balance of Rs 50,000 per customer.</p><p align="justify">These banks can be set up with minimum capital requirement of Rs 50 crore, one-tenth of the Rs 500 crore required for full-service bank.</p><p align="justify">Permission to banks for pricing farm loans below base rate should be withdrawn, the Mor report said.</p><p align="justify">It also suggested that Aadhaar card should be used automatically opening a bank account.</p><p align="justify">RBI is currently sifting through the application of 25 companies to get into the banking fray for which one of the key eligibility criteria is their vision for financial inclusion. </p>                                                           
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Have bank accounts for all by Jan 2016: RBI panel

Published on Jan 8, 2014   Modified on Jan 8, 2014

-PTI MUMBAI: Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016. It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country. "By January 1, 2016 each resident, above the age of 18, would have an individual, full-service, safe, and secure electronic bank account," Mor said in a report by the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households. The panel, headed ex-ICICI Bank executive director Nachiket Mor, was set up by Raghuram Rajan on the day of taking over as the RBI governor, to suggest steps for promoting financial inclusion. The panel advocated setting up of 'Payments Banks' to "provide payment services and deposit products to small businesses and low-income households" with a maximum balance of Rs 50,000 per customer. These banks can be set up with minimum capital requirement of Rs 50 crore, one-tenth of the Rs 500 crore required for full-service bank. Permission to banks for pricing farm loans below base rate should be withdrawn, the Mor report said. It also suggested that Aadhaar card should be used automatically opening a bank account. RBI is currently sifting through the application of 25 companies to get into the banking fray for which one of the key eligibility criteria is their vision for financial inclusion.

The Times of India, 7 January, 2014, http://timesofindia.indiatimes.com/business/india-business/Have-bank-accounts-for-all-by-Jan-2016-RBI-panel/articleshow/28522978.cms

Tagged with: Financial Inclusion banking

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