Govt extends RBI dy governor Sinha's term till Jan 2014
The government has extended the term of Anand Sinha, one of the four deputy governors of the Reserve Bank of India (RBI), to January 18, 2014.
http://www.business-standard.com/article/finance/govt-extends-rbi-dy-governor-sinha-s-term-till-jan-2014-113022600218_1.html
Mohandas Pai, former Citibank executive Ramesh Ramanathan in race for licence to start a bank
Mohandas Pai and former Citibank executive Ramesh Ramanathan will be part of the business groups throwing their hats in the ring for a licence to start a bank.
http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/mohandas-pai-former-citibank-executive-ramesh-ramanathan-want-licence-to-start-a-bank/articleshow/18702015.cms
NBFCs want priority sector tag to attract bank funds
With fund flow from banks to the non-banking finance companies drying up, the later has requested the banking regulator to create a separate class of NBFC for those who have bulk of their exposure to the priority sector so that bank finance to this sector could be clasified as priority sector lending.
http://www.business-standard.com/article/finance/nbfcs-want-priority-sector-tag-to-attract-bank-funds-113022600585_1.html
MFIs struggle to stay afloat as capital erodes, losses mount
Hefty provisions, coupled with the high operational costs, are eroding the net worth of microfinance institutions.
http://www.livemint.com/Industry/JPchgs20K34URvgzoPw4KN/MFIs-struggle-to-stay-afloat-as-capital-erodes-losses-mount.html
Sebi hints at single KYC registration
Complying with know your customer (KYC) requirements of each financial institution and intermediary separately can be irritating. Even the regulators know that.
http://www.dnaindia.com/money/report_sebi-hints-at-single-kyc-registration_1805072
Sebi and Irda clash again
The Securities and Exchange Board of India (Sebi) and the Insurance Regulatory and Development Authority (Irda) are, once again, at odds.
http://www.business-standard.com/article/markets/sebi-and-irda-clash-again-113022700002_1.html
Irda standardises health insurance
In order to remove ambiguity and confusion regarding the claim process, interpretation of health insurance terms and names and procedures related to critical illnesses across insurance companies, the Insurance Regulatory and Development Authority (Irda) of India has come out with new guidelines.
http://businesstoday.intoday.in/story/irda-standardises-health-insurance/1/192829.html
Turning the post office into a force for financial inclusion
In the old times, the post office was the main connector between cities and villages, moving letters and money to every corner of the country, and contributing towards the territorial consolidation of states under construction.
http://blogs.worldbank.org/psd/turning-the-post-office-into-a-force-for-financial-inclusion
New Paper Highlight: More Benefits of Mobile Money: Lowering the Cost of Remittances
One way to cope with an emergency is to borrow money from family and friends. But that typically doesn't work when a disaster strikes a whole area. Sending and receiving money over larger distances, when transferring cash from person-to-person is impractical or impossible, can be very expensive.
http://financialaccess.org/blog/2013/02/new-paper-highlight-more-benefits-mobile-money-lowering-cost-remittances
Unlocking Potential: Women and Mobile Financial Services in Emerging Markets
The majority of individuals around the world without formal bank accounts are women. In the developing world, 63 percent of women lack accounts, versus 54 percent of men.
http://cfi-blog.org/2013/02/26/unlocking-potential-women-and-mobile-financial-services-in-emerging-markets/
A perfect time for securitisation
India's government plans to open up its banking system, granting licences to a swathe of privately-owned banks in an attempt to boost lending in rural areas. This is a good plan, but it would be even better if regulators kick-started a domestic securitisation market at the same time.
http://www.euroweek.com/Article/3161033/A-perfect-time-for-securitisation.html
A day in the life of a tribal village market (Haat)...!
I am quite sure most of you have seen or know of a village haat or bazaar. Ever wonder what exactly happens out there?
http://www.developmentoutlook.org/2013/02/a-day-in-life-of-tribal-village-market.html
The government has extended the term of Anand Sinha, one of the four deputy governors of the Reserve Bank of India (RBI), to January 18, 2014.
http://www.business-standard.com/article/finance/govt-extends-rbi-dy-governor-sinha-s-term-till-jan-2014-113022600218_1.html
Mohandas Pai, former Citibank executive Ramesh Ramanathan in race for licence to start a bank
Mohandas Pai and former Citibank executive Ramesh Ramanathan will be part of the business groups throwing their hats in the ring for a licence to start a bank.
http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/mohandas-pai-former-citibank-executive-ramesh-ramanathan-want-licence-to-start-a-bank/articleshow/18702015.cms
NBFCs want priority sector tag to attract bank funds
With fund flow from banks to the non-banking finance companies drying up, the later has requested the banking regulator to create a separate class of NBFC for those who have bulk of their exposure to the priority sector so that bank finance to this sector could be clasified as priority sector lending.
http://www.business-standard.com/article/finance/nbfcs-want-priority-sector-tag-to-attract-bank-funds-113022600585_1.html
MFIs struggle to stay afloat as capital erodes, losses mount
Hefty provisions, coupled with the high operational costs, are eroding the net worth of microfinance institutions.
http://www.livemint.com/Industry/JPchgs20K34URvgzoPw4KN/MFIs-struggle-to-stay-afloat-as-capital-erodes-losses-mount.html
Sebi hints at single KYC registration
Complying with know your customer (KYC) requirements of each financial institution and intermediary separately can be irritating. Even the regulators know that.
http://www.dnaindia.com/money/report_sebi-hints-at-single-kyc-registration_1805072
Sebi and Irda clash again
The Securities and Exchange Board of India (Sebi) and the Insurance Regulatory and Development Authority (Irda) are, once again, at odds.
http://www.business-standard.com/article/markets/sebi-and-irda-clash-again-113022700002_1.html
Irda standardises health insurance
In order to remove ambiguity and confusion regarding the claim process, interpretation of health insurance terms and names and procedures related to critical illnesses across insurance companies, the Insurance Regulatory and Development Authority (Irda) of India has come out with new guidelines.
http://businesstoday.intoday.in/story/irda-standardises-health-insurance/1/192829.html
Turning the post office into a force for financial inclusion
In the old times, the post office was the main connector between cities and villages, moving letters and money to every corner of the country, and contributing towards the territorial consolidation of states under construction.
http://blogs.worldbank.org/psd/turning-the-post-office-into-a-force-for-financial-inclusion
New Paper Highlight: More Benefits of Mobile Money: Lowering the Cost of Remittances
One way to cope with an emergency is to borrow money from family and friends. But that typically doesn't work when a disaster strikes a whole area. Sending and receiving money over larger distances, when transferring cash from person-to-person is impractical or impossible, can be very expensive.
http://financialaccess.org/blog/2013/02/new-paper-highlight-more-benefits-mobile-money-lowering-cost-remittances
Unlocking Potential: Women and Mobile Financial Services in Emerging Markets
The majority of individuals around the world without formal bank accounts are women. In the developing world, 63 percent of women lack accounts, versus 54 percent of men.
http://cfi-blog.org/2013/02/26/unlocking-potential-women-and-mobile-financial-services-in-emerging-markets/
A perfect time for securitisation
India's government plans to open up its banking system, granting licences to a swathe of privately-owned banks in an attempt to boost lending in rural areas. This is a good plan, but it would be even better if regulators kick-started a domestic securitisation market at the same time.
http://www.euroweek.com/Article/3161033/A-perfect-time-for-securitisation.html
A day in the life of a tribal village market (Haat)...!
I am quite sure most of you have seen or know of a village haat or bazaar. Ever wonder what exactly happens out there?
http://www.developmentoutlook.org/2013/02/a-day-in-life-of-tribal-village-market.html
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