-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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Have bank accounts for all by Jan 2016: RBI panel
-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...
More »Kerala govt mulling waiver of stamp duty for farm loans
-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
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...
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