RBI revamps business correspondent model to boost last mile delivery of financial servicesThe Reserve Bank of India is overhauling its business correspondent system. New service points, Business Correspondent-Banking Outlets and ...
Money anywhere, anytime with cash on scan: Cash withdrawals with smartphones are about to become easierUPI-based cash withdrawals are poised to expand beyond ATMs, potentially reaching millions of business correspondents across India. NPCI se...
Are brain chips the path to human evolution or a step toward control?Elon Musk's Neuralink has sparked debate about brain chips (BCs). While they hold medical promise, their potential to enhance abilities rai...
TDP chief N Chandrababu Naidu launches 'Jai Ho BC' campaign to empower Backward ClassesTDP's Chandrababu Naidu launches 'Jai Ho BC' campaign, pledges Backward Classes' empowerment, criticizes YSRCP, predicts their election los...
Female banker friends: The quiet heroes of India's rural banking revolutionFor citizens, BCs deliver financial services in hard-to-reach rural areas to every adult. It saves travel expenses, time and wage losses. T...
Decline in rural transactions may hit BCs’ financial modelTypically, these BCs earn 40 for every 10,000 withdrawn through them.
Business Correspondents: The neglected COVID warriorsTo minimize the difficulties of the poor in nationwide lockdown, the government is giving cash to them through Direct Benefit Transfer (DBT...
Challenges over cash shortage, restricted movements for government's DBT agentsDespite being included as an essential service by the govt, Bank Mitras – central to government’s DBT scheme - are reportedly not being all...
YSRCP-TDP slugfest over backward classes quotaChief minister Jagan Mohan Reddy’s YSR Congress and the Chandrababu Naidu-led TDP are accusing each other of attempting to sabotage the int...
End of road for standalone business correspondentsAfter nearly a decade since coming into existence, BCs — a bunch of agents engaged by banks to aid financial inclusion by offering limited ...
RBI allows NBFCs to work as business correspondents for banks"It has been decided that banks will be permitted to engage non-deposit taking NBFCs (NBFCs-ND) as BCs," the RBI said.
- Rural ‘ATMs’ to serivce all PSU banks’ customers
State-owned lenders, under the direction of the finance ministry, are instructing their business correspondents, or BCs, to deal with custo...
- VST Tillers to maintain 20% performance growth rate: BCS Iyengar
In an interview with ET Now, BCS Iyengar, Executive Director, VST Tillers, talks about company’s performance and future strategies. Excerpt...
- RBI allows corporates to act as BCs, bars NBFCs
Aiming to promote financial inclusion, the Reserve Bank on Tuesday allowed corporates and post offices to function as business corresponden...
- Angel Broking rates Bayer CropScience as 'buy'
Angel Broking has rated agrichemical company Bayer CropScience (BCS) as a ‘buy’, on expectations of improved margins due to the ongoing res...
- Bank agents look beyond core services to survive
Two years after the Reserve Bank of India (RBI) permitted banks to outsource banking services to business correspondents (BCs) for getting ...
- AP govt moots 33% quota for BCs
The state cabinet decided to recommend 33% reservation for BCs in legislative bodies.