Financial inclusion

Strategy adopted by RBI for Financial Inclusion

 - Speech delivered by Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India at a workshop organised by Government of Madhya Pradesh at New Delhi on January 24, 2014 One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population… Read More

Tags: Financial inclusionFinancial servicesIndiaRaghuram RajanrbiReserve Bank of IndiaRun batted inUnique Identification Authority of India

Financial Education Key to Promoting Financial Inclusion and Customer Protection

(Keynote Address by Dr Deepali Pant Joshi, Executive Director, Reserve Bank of India at the College of Agricultural Banking Conference on October 3, 2013 at Pune) I am happy to be able to address, though not real time, various stakeholders from across the country on this important subject and also congratulate the CAB for focusing… Read More

Tags: Access to FinanceDodd FrankFinancial inclusionFinancial LiteracyFinancial servicesPuneReserve Bank of IndiaUnited States

Financial Inclusion top in RBI’s agenda

RBI appoints Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households to frame a detailed vision on financial inclusion. The Reserve Bank of India today announced appointment of a Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households under the Chairmanship of Shri Nachiket Mor, Member on the Central Board of… Read More

Tags: Board of directorsCitigroupCommitteeFinancial inclusionFinancial servicesIndiaReserve Bank of IndiaVikram PanditZia Mody

RBI Publishes FAQs on Basic Savings Bank Deposit Account

RBI/2013-14/264 RPCD.RRB.RCB.AML.BC.No. 36/07.51.018/2013-14 September 17, 2013 The Chairmen / CEOs of Regional Rural Banks / State and Central Co-operative Banks Dear Sir / Madam, Financial Inclusion- Access to Banking Services  Basic Savings Bank Deposit Account (BSBDA) FAQs Please refer to Circular RPCD.CO.RRB.RCB.BC.No.24/07.38.01/2012-13 dated August 22, 2012 on Basic Savings Bank Deposit Account (BSBDA) wherein banks have been… Read More

Tags: BankCentral bankFAQFinancial inclusionFinancial servicesGeneral managerRegional Rural BankReserve Bank of India

RBI Publishes FAQs on Basic Savings Bank Deposit Account

RBI /2013-14/246 DBOD.No. Leg.52 / 09.07.005/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account (BSBDA) - FAQs Please refer to Circular DBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012 on the above subject wherein banks have been advised to offer ˜Basic Savings Bank… Read More

Tags: BankBusinessCommercial bankFAQFinancial inclusionFinancial servicesRajesh VermaRun batted in

Financial Inclusion in India: Journey So Far And Way Forward

(Keynote address delivered by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Finance Inclusion Conclave organized by CNBC TV 18 at New Delhi on September 6, 2013) Mr. M Narendra, Chairman, Indian Overseas Bank; Mr. Y M Deosthalee, CMD, L&T Finance; Mr. Arun Tiwari, ED, Allahabad Bank, Ms. Shereen Bhan, Managing Editor,CNBC-TV18,… Read More

Tags: Allahabad BankCNBCFinancial inclusionFinancial servicesIndiaNew DelhiReserve Bank of IndiaShereen Bhan

RBI :: Finding Alternate Avenues for Distribution of Banknotes and Coins

RBI/2013-2014/212 DBOD.NO. BAPD.BC.46 /22.01.009/2013-14 September 02, 2013 The Chairmen and CEOs  (All Scheduled Commercial Banks including  Regional Rural Banks and Local Area Banks) Dear Sir, Financial Inclusion by Extension of banking Services- Use of Business Correspondents for distribution of Banknotes and Coins- Alternative Avenues Please refer to Para 110 of the Monetary Policy Statement 2013-14… Read More

Tags: BankBanknoteBusinessCash in TransitFinancial inclusionFinancial servicesGovernmentReserve Bank of India

RRBs – Frontloading of branches in unbanked rural areas

RBI/2013-14/175 RPCD.CO.RRB.BC.No.18/03.05.33/2013-14 August 7, 2013 The Chairman All Regional Rural Banks Dear Sir, Frontloading of branches in unbanked rural areas Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financial inclusion.… Read More

Tags: BranchDirect Benefit TransferElectronic Benefit TransferFinancial inclusionGovernment of IndiaIndiaMonetary policyRural area

Address of Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India at National Seminar on Consumer Protection Agenda for Inclusive Growth, New Delhi on July 24, 2013

I congratulate Assocham on the timely initiative of hosting this event and bringing to the centre stage of debate very critical issues as customer Empowerment and Financial Inclusion. The post crisis world is governed by a new paradigm of customer empowerment. The financial crisis has highlighted the importance of financial consumer protection for the long-term… Read More

Tags: Banking Ombudsman SchemeCommercial bankConsumer protectionEmpowermentFinancial inclusionFinancial servicesIndiaManmohan Singh

RBI Notification – Branch Authorisation Policy- Front Loading of branches in unbanked rural centres

RBI/2012-13/511 DBOD.NO.BAPD.BC. 97/22.01.001/2012-13 May 28, 2013 Jyeshtha 7, 1934 (Saka) All Domestic Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorisation Policy- Front Loading of branches in unbanked rural centres Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is… Read More

Tags: Direct Benefit TransferElectronic Benefit TransferFinancial inclusionGovernment of IndiaIndiaMonetary policyRural areaUnbanked

RBI Working Paper Series 5 / 2013: Persistence of Informal Credit in Rural India: Regulatory Policies Need to Recognise Changing Rural Landscape

The Reserve Bank today placed on its website a Working Paper titled Persistence of Informal Credit in Rural India: Evidence from ˜All-India Debt and Investment Survey™ and Beyond under the RBI Working Paper Series. The paper has been authored by Dr. Narayan Chandra Pradhan. Rural credit market in India is characterised by the coexistence of… Read More

Tags: financeFinancial inclusionIndiaRBI Working Paper SeriesRBI Working PapersReserve BankReserve Bank of IndiaRun batted in

Submission of Undertaking: Renewal of Authorisation

RBI/2012-13/494 IDMD.PDRD.No. 3089/03.64.027/2012-13 May 08, 2013 All the Primary Dealers Dear Sir/Madam, Submission of Undertaking: Renewal of Authorisation In terms of Para 1.4 of Section I (for standalone PDs) / Para 2.3 of Section II (for Bank-PDs) of the Operational Guidelines to Primary Dealers dated July 02, 2012; the PDs are required to have a… Read More

Tags: ExportFinancial inclusionGold coinGovernment of IndiaMonetary policyPrecious metalReserve Bank of India

Indian Rural Banking Sector: Big Challenges and the Road Ahead

(Speech delivered by Dr Deepali Pant Joshi, Executive Director, Reserve Bank of India at MITE Mangalore on May 04, 2013) Respected Dr. Thingalaya, Former CMD Syndicate Bank, Dr. G. L. Easwara Prasad, Principal, Mangalore Institute of Technology and Engineering, senior bankers and dear students. I am extremely delighted to be amongst you in this prestigious… Read More

Tags: Banking in IndiaFinancial inclusionIndiaIndian BankPriority Sector LendingrbiRegional Rural BankReserve Bank of India

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