-The Hindu The report of an RBI-appointed committee on financial inclusion and financial deepening has stimulated a wide-ranging debate on these crucial areas. However, policy measures initiated by the government and the RBI while adding to the numbers of new Bank branches, new accounts and so on did not really enhance the quality of such inclusive practices. In September last year, the RBI asked the committee chaired by Nachiket Mor...
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Odisha Govt Provides Financial Help to Women SHGs
-Outlook Baripada (Odisha): Odisha Chief Minister Naveen Patnaik today launched a scheme for providing financial assistance to women self-help-groups (SHG) here. One lakh SHGs have been identified to be covered under the scheme in Odisha of which Mayurbhanj district accounted for 8000. Each SHG would be provided a financial assistance of Rs 10,000 with an expenditure Rs 100 crore from the exchequer, the Chief Minister said. Stating that SHGs comprising SC, ST, BPL...
More »Banking on women
-The Hindu To the long list of 28 public sector banks in India, one more was added with the inauguration of the Bharatiya Mahila Bank (BMB) on Tuesday by Prime Minister Manmohan Singh. The bank is unique in more ways than one. It will focus predominantly on women, apart from being staffed largely by them. To the BMB will go the distinction of being the first-ever public sector bank to...
More »Mamata Committed to Get Banking Facilities in All Villages
-Outlook Kolkata: West Bengal Chief Minister Mamata Banerjee today said two years form now no Gram Panchayat would be there in the state without banking service and welcomed all nationalised banks to come forward and open branches in the villages to boost rural economy. Launching 50 branches and 20 ATMs of the United Bank of India (UBI) at a function at the state Secretariat, Banerjee said out of 32,090 Gram Panchayats in...
More »Women bank to be launched on Indira's birth anniversary -Sujay Mehdudia
-The Hindu The government has drawn up plans to launch country's first all women bank - Bharatiya Mahila Bank - on November 19, the birth anniversary of former Prime Minister Indira Gandhi. "We have asked the Election Commission for permission. The bank might be as well inaugurated on November 19. All work has been completed. But whether we can do it on November 19, whether we can do it in Delhi...
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