While the finance minister wants banks to increase rural footprint, reaching unbanked areas digitally offers a low-risk option for the banks.
MFIs understand the importance of tech. About 75% of firms surveyed by a global consultancy for MFIN said they had an alliance with fintech companies.
SBI news: SBI has taken various steps so that customers can lodge their complaints and grievances.
The concept of Ezeepay DDS is to make banking easy and accessible for rural India as well as areas that lack rural banking facilities.
Financial inclusion increases the availability of economic resources and encourages people to save
After the introduction of PM Jan Dhan Yojana 24 crore women have at least one bank account
The significant element of the index that RBI has unveiled consists in measuring the quality of service offered to the target audience.
Growth in Internet penetration is a welcome sign as the central bank aims to ensure financial inclusion does not remain a lip service
According to the 2011 Indian census, household work was the main occupation of nearly 160 million women in India
Though the Jan-Dhan programme has given a big push to the cause of financial inclusion, there are crucial gaps that need to be plugged.