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 inclusion, Financial services, India, Raghuram Rajan, rbi, Reserve Bank of India, Run batted in, Unique 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 Finance, Dodd Frank, Financial inclusion, Financial Literacy, Financial services, Pune, Reserve Bank of India, United 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 directors, Citigroup, Committee, Financial inclusion, Financial services, India, Reserve Bank of India, Vikram Pandit, Zia 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: Bank, Central bank, FAQ, Financial inclusion, Financial services, General manager, Regional Rural Bank, Reserve 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: Bank, Business, Commercial bank, FAQ, Financial inclusion, Financial services, Rajesh Verma, Run 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 Bank, CNBC, Financial inclusion, Financial services, India, New Delhi, Reserve Bank of India, Shereen 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: Bank, Banknote, Business, Cash in Transit, Financial inclusion, Financial services, Government, Reserve 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: Branch, Direct Benefit Transfer, Electronic Benefit Transfer, Financial inclusion, Government of India, India, Monetary policy, Rural 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 Scheme, Commercial bank, Consumer protection, Empowerment, Financial inclusion, Financial services, India, Manmohan 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 Transfer, Electronic Benefit Transfer, Financial inclusion, Government of India, India, Monetary policy, Rural area, Unbanked
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: finance, Financial inclusion, India, RBI Working Paper Series, RBI Working Papers, Reserve Bank, Reserve Bank of India, Run 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: Export, Financial inclusion, Gold coin, Government of India, Monetary policy, Precious metal, Reserve 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 India, Financial inclusion, India, Indian Bank, Priority Sector Lending, rbi, Regional Rural Bank, Reserve Bank of India
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