Rural Financial Institutions

Access to banking, investment, credit and commerce has to be simplified in villages. A network of technology and local trust will help financial inclusion

Rural fintech startup Jai Kisan on Tuesday said it has received regulatory approval from the Reserve Bank of India for the acquisition of a majority stake in NBFC Kushal Finnovation Capital. Details of the stake acquired were not disclosed. "With the NBFC subsidiary, Jai Kisan will be able create and deliver customized, innovative, and relevant products directly to its farmer and rural business customers in a more accessible and seamless manner making its products cheaper, faster, and more impactful," Jai Kisan said in a statement. The acquisition will also enable Jai Kisan to strengthen its partnerships and integrate systems more deeply with its financial institution partners to provide co-lending and further financial inclusion, it added. "The NBFC subsidiary allows us to cater to our farmer and rural business customers with credit products they want, how they want them, when they want them and where they want them--which is what they deserve," Jai Kisan co-founder and CEO Arjun

Business correspondent firms' revenues are under stress as banks get tough with them to meet targets

The issuer received bids in the range of 7.85-7.87 per cent, according to market participants

Scope of their survival is diminishing. Even as the overall business of rural financial institutions has generally been looking up, they are struggling to scale up business volumes

The comapnies total income increased 7.2 per cent to Rs 618.6 crore

Harsh Kumar Bhanwala, Chairman, Nabard, in a telephonic interview with Namrata Acharya shares his insights about the present state of agriculture and other rural sectors

Uniform budgetary target for different institutions is a must to ensure coordinated functioning

The RBI data shows that primary agricultural credit societies were in bad shape