-The Hindu The report of the Reserve Bank of India (RBI)-appointed Committee on Comprehensive Financial Services for Small Business and Low Income Households has been placed on the central bank's website for comments. Considering the voluminous nature of the report and even more pertinently its complex and, detailed treatment of the subject, the deadline for receiving comments, now set at January 24, would, in all probability, need to be extended. The report packs...
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Usha Ananthasubramanian, first CMD of Bharatiya Mahila Bank interviewed by Aarti Dhar
-The Hindu Bharatiya Mahila Bank (BMB) is the first of its kind bank in India, meant for women. However, the bank is neither completely run by women, and nor is it exclusively for women. The first CMD of Bharatiya Mahila Bank, Usha Ananthasubramanian, explains to The Hindu the concept of the Bank which is just about two months old. Edited excerpts from the interview: * How is Bharatiya Mahila Bank different from the...
More »Aadhaar link needed to control subsidy leakage: Moily
-The Times of India BANGALORE: Union minister for petroleum and natural gas M Veerappa Moily on Saturday said the Aadhaar-based Direct Benefit Transfer for LPG (DBTL) scheme is necessary to reduce leakage of subsidy. However, he didn't say whether the government is going ahead with making the linkage compulsory as a related case is pending before the Supreme Court. On the prevailing confusion about the scheme due to a recent apex court...
More »A new paradigm for inclusion
-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...
More »Aadhaar is adequate to open a bank account: RBI
-The Hindu Mumbai: The Reserve Bank of India's committee on comprehensive financial services for small businesses and low-income households headed by Nachiket Mor on Friday said that the Aadhaar process was adequate to enable every Indian to get a bank account by January 1, 2016. "Target is dependent on our perception of what is happening to Aadhaar. The bank account target is really an electronic target, as we have articulated it....
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