When the RBI announced recently that its Financial Inclusion Index had jumped from 64.2 to 67 this year, celebrating “significant improvement,” it painted a rosy picture that masks a troubling reality. The Department of...
The banking sector has definitely come a long way since nationalisation, we still are many miles behind in our target of achieving a fully inclusive banking system. Do we have a banking system where...
Oinam Rajen appears to have suddenly grown old in the past one year. Sitting in his wooden canoe, his eyes wander over the vast expanse of Loktak lake that surrounds his village, in search...
The government wants to sell the Life Insurance Corporation of India (LIC), which is worth about Rs 34 trillion (USD45 billion). The stage has been set with increasing foreign direct investment (FDI) in insurance...
As an essential part of the financial system, banksā role in Indiaās ambitious goal of becoming a $5 trillion economy has become a topic of intense debate. Significant reforms in scheduled commercial banks, mainly...
As per RBI Data, as on March 2020 there were 5,41,175 business correspondents in villages and 6,35,046 business correspondents in urban areas. So there are 11,76,221 Customer Service Points covered by the business correspondents...
Recently the Deputy Managing Director and the Digital Officer of State Bank of India stated that we have to ensure the safety and security of the Digital Platforms to prevent frauds. Hundreds of fraudulent...
The 2017 Global Findex Database of the World Bank Group portrays India in a remarkably favourable light owing to the sharp increase in the number of bank account holders in the country, but the...
