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Banks can set up biz correspondent outlets in rural areas
The Reserve Bank of India (RBI) on Thursaday allowed banks to establish outlets for business correspondents (BC) in rural centres to drive the government’s financial inclusion programme. “It is advised that for further financial inclusion, banks may establish outlets in rural centres from which BCs may operate. These BC outlets may be in the form of low cost simple brick and mortar structures,”
The Reserve Bank of India (RBI) on Thursaday allowed banks to establish outlets for business correspondents (BC) in rural centres to drive the government’s financial inclusion programme. “It is advised that for further financial inclusion, banks may establish outlets in rural centres from which BCs may operate. These BC outlets may be in the form of low cost simple brick and mortar structures,”
HDFC Bank set to open rural one-man branches
HDFC Bank, the second largest private sector lender in the country, is set to open one-man branches in rural centres. The move will help the bank meet priority sector commitments and aid its
Puneet Chopra: Financial inclusion needs version 2.0
Financial inclusion” is one of the goals of the current government, but the wobbly business case for a vast majority of business correspondents (BCs), built on wafer-thin margins but riding
ICICI takes ultra-small route for big plans on inclusion
Move to enable bank to process transactions faster than under the BC model.
Move to enable bank to process transactions faster than under the BC model.
Jairam wants job scheme payments in cash
Rural development minister finds NREGS payments via banks impractical and unwise.
Rural development minister finds NREGS payments via banks impractical and unwise.
Biz correspondents set to scale up operations
Business correspondents, who partner banks in their financial inclusion programme in rural India, are on a hiring spree. Most firms that operate as business correspondents are looking to double
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