News Archive - Page 71 of 366 - Re-emerging World

Recent Developments, <br /> Key Innovations, and <br /> Insightful Reports

Recent Developments,
Key Innovations, and
Insightful Reports

Your One Stop Platform for Regular Sector Updates

Sector news

World Bank: Increasing finance in Afghanistan

World Bank has pledged an amount of U$50 million to improve the financial inclusion conditions in Afghanistan. The grant will be provided through the International Development Association (IDA) and will be used to help 3,500 households graduate out of extreme poverty by 2018. Read more here.

December 26, 2013

Banks in Nepal to build an interoperable mobile money offerings

Nepal’s banking economy is highly fragmented, with no single bank enjoying a double digit market share. Given Nepal’s geography, mobile money is an ideal solution to the country’s challenged financial coverage. Read more here.

December 26, 2013

The new trend in microfinance companies in India

Microfinance institutions in the country are increasingly tapping an alternate source of funds – non-convertible debentures. SKS plans to raise US$ 32 million, and Kolkata based US$48 million in this way. This increase in borrowings has been inspired by RBI’s (Central Bank of India) increased controls over the working of […]

December 26, 2013

India: IndiaFirst to make a microfinance debut

IndiaFirst Life Insurance, one of India’s commercial insurance companies is planning an all-India roll out of microinsurance products across several categories. This is a pilot implementation phase which will start this fiscal. Read more here.

December 26, 2013

MasterCard centre aims to break financial inclusion barriers

MasterCard recently launched its new research centre: The MasterCard Centre. The aims of this body will be to promote financial inclusion for the more than 2.5 billion global customers worldwide without financial coverage. The organization will work with governments, academic institutions to create a knowledge base. Read more here.

December 26, 2013

Should non-banking financial institutions be a part of the global financial inclusion agenda

Research shows that NBFIs are instrumental in expanding access to financial services access, and reducing poverty. How can these institutions be changed in terms of policy and product to ensure that they provide complete financial access 2.5 billion people? Read more here.

December 26, 2013

Increasing financial inclusion in rural India: The role of banking correspondents

Means of saving in urban India is usually through bank deposits. In the parallel economy of rural India, people invest in cattle. This trend is being changed by banking correspondents, agents who supply products by several banks in rural areas, in the absence of banks’ physical presence. However, despite their […]

December 26, 2013

The risks of scaling financial inclusion

According to the World Bank, the world has a lot to learn from the failures of microcredit in India. While low fee accounts clearly benefit the poor, others like microcredit, microinsurance and debt relief may not prove to be as effective. Tools like fingerprinting and iris scans which make customers […]

December 26, 2013

Developing countries promoting financial inclusion must reshape their central banking

Central bankers of the developing world have a responsibility their peers in the developed world do not – that of scaling financial inclusion. Realizing this, the central bankers have charted a road map that promotes financial inclusion along with looking after monetary health of respective countries. Read more here.