Financial Inclusion Articles By Date

NEWS

Financial inclusion necessary for banking growth: FM

December 22, 2011 | ET Bureau

NEW DELHI: Finance Minister Pranab Mukherjee on Wednesday called upon banks to promote financial inclusion for sustaining high growth of the banking sector . "Financial inclusion is an important policy of the government not as an important instrument of socio-economic development but if you want to sustain a high growth rate and to address this chronic problem of poverty, deprivation and disparity," Mukherjee said at Central Bank...

NEWS

Step up efforts on financial inclusion: Pranab Mukherjee

December 18, 2011 | IANS BANGALORE: Finance Minister Pranab Mukherjee on Sunday asked southern states to intensify efforts to expand financial services such as banking and insurance to rural areas. "Out of 14,612 villages allotted to South Zone for provision of banking services, 11,114 villages have been covered by the end of October. This comes to about 76 percent," Mukherjee told chief ministers of the region. "Therefore, the rest of the villages... NEWS

Banks complete 62% of financial inclusion target in 20 months

December 12, 2011 | ET Bureau KOLKATA: The country's banking sector has reached out to 45,000 unbanked villages over the last 19-20 months, which is 62% of the target of extending banking services to 73,000 villages by March 2012. Although this means banks are up to a daunting task of achieving 38% of the remaining task in five months, union finance minister Pranab Mukherjee thinks the target will be met within the deadline. The government has identified 73,000 villages which have... NEWS

Better broadband penetration to help reduce costs of financial inclusion: Montek Singh Ahluwalia
December 8, 2011 | ET Bureau

NEW DELHI: Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Wednesday that increasing broadband and mobile penetration were essential to further reduce the costs of financial inclusion in India. He added that the concept of financial inclusion should be more far reaching than just making credit available for poor people. "Financial inclusion should be separate from the idea of getting... NEWS

Montek Singh Ahluwalia to deliver key note address at 3rd ET Financial Inclusion Summit
December 5, 2011 | ECONOMICTIMES.COM NEW DELHI: India is a nation that has impressively grown. While the middle class is rapidly increasing in size and enjoying much more purchasing power, thanks to the various schemes offered by banks and financial institutions nowadays, there are other sections of society that are the cause of concern. The low income households have disparities of income and they suffer the most. Low-income Indian households... NEWS

True mobile banking necessary to achieve financial inclusion in India

December 2, 2011 | ET Bureau Recently, HDFC Bank launched a form of mobile banking, using a Vodafone subsidiary as its corporate banking correspondent. This would allow Vodafone's network of retailers and sub-agents to open and operate accounts, in remote areas outside the reach of the bank's 2,150 branches in 1,141 towns. This is a great step forward for India's restrictive banking regulation, but still a small step for mobile banking. The ...

Financial inclusion necessary for banking growth: FM

December 22, 2011 | ET Bureau NEW DELHI: Finance Minister Pranab Mukherjee on Wednesday called upon banks to promote financial inclusion for sustaining high growth of the banking sector . "Financial inclusion is an important policy of the government not as an important instrument of socio-economic development but if you want to sustain a high growth rate and to address this chronic problem of poverty, deprivation and disparity," Mukherjee said at Central Bank...