By R. Gandhi, Deputy Governor , RBI We have been focusing our attention on developing the payment systems in the country for the past thirty five years, starting from the computerization of clearing houses way back in early 1980s. Thanks to all these years? efforts, today we have a vibrant, innovating, efficient and secured payment […]
ICTpost Governance Bureau Sustainable development, access to services, equal opportunities, safety, governance and citizen participation are some of the key issues administrators of the modern cities face today. The urban population in India is set to grow to 40% as per publicly available estimates. This is going to put a considerable pressure on the infrastructure. […]
New Delhi: July 15, 2017 With Web 2.0 technologies, consumers are changing their behavior, and they are demanding a more user-friendly, networked banking experience, one that provides a greater level of trust, transparency, and interactivity. The bank’s goal, ultimately, is to attract new, digitally savvy customers by building their confidence in banks through increased involvement. […]
By R. Gandhi, Deputy Governor at FIBAC Small Finance Banks are going to be game changers. Let me explain our thought process. First, whom are we targeting to form the Small Finance Banks? The Guidelines for Licensing Small Finance Banks indicated that resident individuals / professionals with 10 years of experience in banking and finance […]
Harun R Khan, Deputy Governor, RBI Let me focus now an important aspect emerging needs India is rapidly urbanising, which is putting a tremendous pressure on urban infrastructure. Census data 2011 reveals that about 31 percent (377 million) of Indian population lives in urban areas and contributes 63 percent of the GDP. Going forward, the […]
New Delhi: June 18, 2017 Credit flows to agriculture under Priority Sector Lending-PSL display considerable seasonality not explained by cropping patterns. The Task Force on Credit Related Issues of Farmers, in its report submitted to the Ministry of Agriculture, Government of India, in 2010, observed that while month-wise credit disbursement patterns should have been in […]
( PM Narendra Modi’s speech at The Global Business Summit: Excerpts) Entrepreneurship is one of India’s traditional strengths. It was sad to see it neglected in the last few years. “Business” and “profits” had become bad words. We have changed that. We need to value enterprise and hard work, not wealth. Our programs ranging from […]
Chennai, Dec 29: A deposit scheme for the girl child, linking of Aadhaar card to each individual credit account, and development of solutions based on mobile banking technology are some of the recommendations of an RBI panel to increase financial inclusion. The Reserve Bank of India (RBI) released the report of the Committee on Medium-term […]
By Dr. Raghuram Rajan, Governor, Reserve Bank of India I am sure many of you have come across Richard Feynman’s Lectures on Physics, a must-read when we were at IIT. The Nobel prize-winning physicist was one of the giants of the twentieth century. In his autobiography, though, he writes how he found the atmosphere at […]
ICTpost News Network New Delhi: October 14, 2015 Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have now exceeded Rs. 25,000 crore which has come to the banks as low cost deposits. The accounts that can be opened under PMJDY are Basic Savings Bank Deposit Accounts (BSBDA) which can be with […]
