
UCO Bank Opens SME Loan Hub To...
Category: News, Stories | Sector: Financial ServicesPublic sector bank, UCO Bank, which offers credit for the priority sector in India, has launched a small and medium sized enterprise...

In India, For India: Medical Device Makers...
Category: News, Stories | Sector: Financial ServicesGE Healthcare’s research and development division in India recently designed and launched the MACi, a light-weight, battery-backed electrocardiogram (ECG) machine that will...

How Start-Ups Are Building Last Mile Connectivity...
Category: News, Stories | Sector: Financial ServicesA number of Indian start-ups are developing technologies for last-mile connectivity for un-banked customers. Rural India customers frequently find it difficult to...

Calling On Mobile Banking: Financial Inclusion In...
Category: News, Stories | Sector: Financial ServicesA publication by the Center for Strategic & International Studies in Washington D.C. has recently reported on the massive opportunity for financial...

VCs Rush To Raise Funds, But Deal...
Category: News, Stories | Sector: Financial ServicesAavishkaar India, an early-stage venture capital firm, is looking to complete the fundraising process for its fourth and largest fund, likely to...

FINO And NCR Launches Remittance Facility
Category: News, Stories | Sector: Financial ServicesIndian financial inclusion service provider, FINO (Financial Inclusion Network & Operations), has tied up with NCR Corporation, a global technology company, to...

Rural Market Provides Opportunity For Lenders
Category: News, Stories | Sector: Financial ServicesIndia's rural consumption market is projected to reach $600 billion by 2020, a major increase from its current level of $190 billion....

Microfinance Staff Seek Greener Pastures
Category: News, Stories | Sector: Financial ServicesSKS Microfinance Ltd, The largest and only publicly listed microfinance institution (MFI), has faced a 12% reduction in its workforce for the...

Bandhan Microfinance To Offer The Western Union...
Category: News, Stories | Sector: Financial ServicesIn efforts to increase its rural presence across India, U.S. headquartered Western Union, a money transfer services company, has partnered with Microfinance...

Tapping Electronic Banking Value At The Bottom...
Category: News, Stories | Sector: Financial ServicesHR Khan, Deputy Governor or the Reserve Bank of India, encouraged banks to develop better strategies to tap into the base of...

IFC To Invest $45M In Listed Indian...
Category: News, Stories | Sector: Financial ServicesInternational Finance Corporation (IFC) is planning to make a $45 million equity investment in an unnamed public-listed mid-size Indian non-banking finance company...

Do Believe The Hype
Category: News, Stories | Sector: Financial ServicesRecent New York Times Op-Ed by Thomas Friedman on a potentially large opportunity for mobile banking in India. Friedman sites Delhi based...

Well Functioning Payment System Eliminates Systemic Risks:...
Category: News, Stories | Sector: Financial ServicesH. R. Khan, the Deputy Governor of the Reserve Bank of India and FICCI, discussed the importance of leveraging technology to service...

A Network To Help Start-Ups With A...
Category: News, Stories | Sector: Financial ServicesIndian social business and investment advisory firm, Intellecap, has recently launched the Intellecap Impact Investor Network (I3N) to help social enterprises raise...

IFC May Invest $10 Mn In Ahmedabad’s...
Category: News, Stories | Sector: Financial ServicesIndia’s SEWA Bank (Self Employed Women’s Association), based in Gujarat, is set to potentially receive $10 million in funding from the International...

Bringing The Bank To The Poor
Category: News, Stories | Sector: Financial ServicesA recent article discusses the extent to which Indian populations are not banked. It is estimated that approximately 600 million Indians do...

Inclusion Banking To Turn Into Profits Soon:...
Category: News, Stories | Sector: Financial ServicesUnion Bank of India recently stated that it expects its financial inclusion projects to turn profitable sooner than expected. The country’s fifth...

USIBC And CII Host U.S.-India Private Financial...
Category: News, Stories | Sector: Financial ServicesThe U.S. – India Business Council (USIBC) and Confederation of Indian Industry (CII) are bringing together 80 leaders in the financial services...

SBI To Open A/Cs Via HUL’s Rural...
Category: News, Stories | Sector: Financial ServicesIn a move to promote financial inclusion in rural India, Hindustan Unilever Ltd. (HUL) is collaborating with public sector bank, the State...

Banks Asked To Up Credit Flow To...
Category: News, Stories | Sector: Financial Services, ServicesThe Reserve Bank of India (RBI) recently emphasized the need for banks to lend more to small and medium sized enterprises (SME)....

Banks Say Inclusiveness Is Costly
Category: News, Stories | Sector: Financial ServicesThe Reserve Bank of India and industry leaders within India are continuing to look at ways to increase financial inclusion. Though most...

CORRECTED-Blackstone To Invest $34 Mln In India’s...
Category: News, Stories | Sector: Financial ServicesMUMBAI, July 7 (Reuters) - U.S. private equity firm Blackstone Group said on Thursday it will invest 1.5 billion rupees ($34 million)...

72,000 More Villages To Get Banking Services...
Category: News, Stories | Sector: Financial ServicesThe Reserve Bank of India has recently requested that the country’s commercial banks scale their services so as to reach 72,000 villages...

Benefits Of Credit Rating For SMEs
Category: News, Stories | Sector: Financial ServicesAn article in The Economic Times discusses the benefits of credit ratings for SMEs, which often find it difficult to access financing....

New Arrivals Strain India’s Cities To Breaking...
Category: News, Stories | Sector: Financial ServicesA New York Times article recently highlighted growing problems with inadequate housing and infrastructure in Indian cities. The influx of villagers moving...

Kerala Achieves Financial Inclusion In All Its...
Category: News, Stories | Sector: Financial ServicesIn promoting financial inclusion, Kerala has become the first Indian state to achieve financial inclusion when measured by the presence of a...

IFC Invests In Pragati Fund To Support...
Category: News, Stories | Sector: Financial ServicesThe IFC is investing up to $20 million in Pragati India Fund to facilitate the transfer of growth capital to small and...