Page 4 - Financial Inclusion

Meet the IIT Roorkee grads who co-founded FamPay, the neobank for teens

The firm provides also financial literacy to teenagers, who have few options to open a bank account at their age; It crossed 2 mn users within eight months of launch

RBI's Index on financial inclusion: A very timely initiative

The index includes 97 attributes that are extensive and one assumes that they cover capital markets insurance and other banking services

Financial inclusion will continue to be a policy priority after Covid: Das

RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a policy priority for the central to make the post-pandemic recovery more equitable and sustainable.

Meet the former Paytm execs who are building a pocket money app for kids

Shankar Nath and Ankit Gera are digitising pocket money for children while nurturing financial knowledge and discipline in them at an early age via their startup Junio

KYC norms hindering financial penetration

CKYC is failing to have the desired impact due to lack of clear directions from the regulators, and lack of connectivity between the stakeholders and the repository

Almost 86% of 417 million PMJDY accounts operative: MoS Finance

While public sector banks have opened 404.8 million accounts under PMJDY, only 12.7 million accounts were opened by 14 private sector banks

Best of BS Opinion: Lessons from GameStop, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Pradhan Mantri Jan Dhan Yojana accounts cross 410 million: Finance ministry

Pradhan Mantri Jan Dhan Yojana (PMJDY) is a flagship scheme of the government to promote financial inclusion

FSS and India Post Payments Bank join hands to promote financial inclusion

Under the deal, IPPB will use FSS' Aadhaar Enabled Payment System to deliver interoperable and affordable doorstep banking services to under-served and un-banked customers across India

SBI to raise share of financial inclusion to 20% by March 2022

>>To reduce C/I ratio to 38%, from 55% >>Hive off client servicing to BC channel

Farming, fin inclusion weakest spots in aspirational districts plan: study

Most districts are 40-90% off target; Initiatives on water resources and skill development also need much attention

Digital payments in India likely to grow to Rs 7,092 trn by 2025: Report

By 2025, wallets are expected to have a higher penetration and lower-income would eventually drive multiple small-ticket transactions

RBI frames plan for financial education among school students, communities

The 'National Strategy for Financial Education 2020-2025' suggests a multi-stakeholder-led approach for creating a financially aware and empowered India

RBI to set up innovation hub for financial inclusion, efficient banking

The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services

Start-ups to get priority sector tag as RBI revises lending norms

It intends to align them with emerging national priorities and bring a sharper focus to inclusive development

RBI to set up 'Innovation Hub' for financial inclusion, efficient banking

The Hub will act as a centre for ideation and incubation of new capabilities

RBI unveils 5-yr financial inclusion strategy: Here're key recommendations

Under the national strategy, the committee has recommended new entrants to the financial system - eligible and willing to undergo any livelihood/skill development programme

This former Flipkart CTO brings financial inclusion to rural Indians

Davinta, an NBFC launched by Ravi Garikipati and Raj Vattikuti, uses AI to provide banking services to the un-banked

Momentum generated by PM's Jan Dhan Yojana needs to be taken forward: RBI

The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014, was a "watershed" in the financial inclusion movement in the country, the RBI said

Wave and pay with SoftPos

A new wave of technology is now ready to change the mobile based payment system once again