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UNBANKED RURAL CENTRES
Jana Small Finance Bank receives Scheduled Bank status from RBIThe Bengaluru-headquartered bank, established as a financial services company in 2009, said it presently operates 260 branches.
RBI issues new branch expansion normsIn a fresh set of guidelines released Thursday the central bank said that banks need to open atleast 25% of their banking outlets in a year...
Camp in villages to open accounts for the unbanked: GovernmentRBI has now said that only RBI office, located in 19 centres, would exchange old notes. However, one can deposit old notes in one's account...
RBI increases flexibility available to banks in shifting or closing of urban branchesRBI increased the flexibility available to banks in shifting, or closing of urban branches by waiving regulatory approvals.
RBI permits banks to open branches without its permissionWithin days of new RBI Governor Raghuram Rajan making comments to this effect, the central bank today allowed lenders to open branches.
'Banks have deployed 1.95 lakh biz correspondents till Mar 13'Banks have deployed as many as 1.95 lakh business correspondents (BCs) covering 2.21 lakh villages across the country as of March 31, 2013.
- RBI asks banks to expand branches in unbanked rural areas
Reserve Bank has asked banks to expand their branches in unbanked rural centres and draw up their next Financial Inclusion Plan (FIP) for t...
RBI allows banks to front-load rural forayAccording to the existing annual branch expansion plan norms, banks have to open 25 per cent of their new branches in unbanked rural areas.
'Getting bank licence will not be a cakewalk' - RBI Deputy GovernorNorms on priority sector lending & substantial presence in rural areas will make opening new banks difficult: RBI deputy guv
- Parliamentary Panel for opening branches in unbanked areas
A Parliamentary panel today said banks should open branches in rural and unbanked areas and treat them as "service centre" instead of "prof...
New licences will not impact margins of banks: Hemindra Hazari, Nirmal Bang Institutional Equities"If a very few bank licences are given out, which is the expectation, I really do not see the margins of banks coming down," says Hemindra ...
Finance Ministry favours real estate, broking firms to set up banksRBI will regulate financial holding company and different entities under the holding company will be regulated as per the business they car...
- RRBs asked to open at least 25 pc branches in unbanked areas
RBI today asked regional rural banks (RRBs) to open at least one-fourth of their proposed branches in unbanked parts of the country, a move...
- Banks complete 62% of financial inclusion target in 20 months
The country's banking sector has reached out to 45,000 unbanked villages over the last 19-20 months.
- Srei Infra plans rural banking foray; to seek bank licence
Looking to strengthen its presence in rural areas, Srei Infra said it would apply for banking licence once the final norms in this regard a...
- Need to set up govt-owned micro finance institutions: Assocham
There is a need to set up government-owned micro finance institutions across the country to fulfill the credit requirements of rural people...
- PSBs recruit over 100 farm graduates from GB Pant University
Agriculture graduates are much sought after these days with state-run banks gearing up to drive their financial inclusion agenda through fo...