-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...
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A detailed map for financial inclusion-CRL Narasimhan
-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...
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....
More »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 »Even before swearing-in, government pushing forward with continuing halted flagship scheme -Adam Halliday
-The Indian Express Aizawl: With the Congress set to form a government for the second consecutive term, the Mizoram government is wasting no time in continuing it's flagship beneficiary scheme beginning with a high-level meeting on Friday to decide on land-use conversion and teams scheduled to visit sites earmarked for infrastructure projects. The NLUP implementing board is scheduled to have a meeting headed by Chief Secretary on Friday, a day before state...
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