Search results
Results from the WOW.Com Content Network
Committee on Medium-term Path on Financial Inclusion was an experts committee formed by the Reserve Bank of India (RBI) on 15 July 2015 to create a five-year plan for financial inclusion in India. It was headed by Deepak Mohanty , executive director of RBI.
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households (commonly known as the Nachiket Mor Committee) [1] was an expert committee formed by Raghuram Rajan on 23 September 2013, [2] after he was appointed as the governor of the Reserve Bank of India (RBI). It was headed by Nachiket Mor.
In response, RBI Governor Y. Venugopal Reddy, expressed concern regarding the exclusion of millions from the formal financial system and urged banks to better align their existing practices with the objective of financial inclusion in both his annual and midterm policy statements.
Women World Banking: In a bid to enhance financial inclusion, the National Bank for Agriculture and Rural Development (NABARD) and Women's World Banking entered into a Memorandum of Understanding (MoU) to promote the Jan Dhan Plus program through Regional Rural Banks. This collaboration targets increased utilization and adoption of basic ...
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
The institutional structure for India’s Financial Inclusion/ Literacy programme is unique as it has an apex body in the Financial Stability and Development Council (FSDC), headed by the Finance Minister of Government of India, mandated, inter alia, to focus on attaining financial inclusion/ literacy goals. [6]
This proposed unified financial regulatory agency would also take over the work on organised financial trading from RBI in the areas connected with the Bond-Currency-Derivatives Nexus, and from fmc for commodity futures, thus giving a unification of all organised financial trading including equities, government bonds, currencies, commodity ...
2010: Received license from RBI to operate as a credit information company [4] 2011 : Launched India's first credit bureau services for microfinance industry (MFIs etc.) in March 2011 [ 16 ] 2012 : Won Silver Award at SKOCH Digital Inclusion 2012 for the company’s work towards digital financial inclusion [ 7 ] [ 21 ]