Tag: Financial Inclusion
Derek O’Brien cites economic gains, predicts fourth term for Mamata Banerjee
Key TakeawaysDerek O'Brien predicts a fourth term for Mamata Banerjee, citing economic gains and grassroots development initiatives in West Bengal.Per capita income has more...
Banks to compensate customers up to Rs 25,000 for losses fraudulent transactions
Key TakeawaysThe RBI will launch a framework to compensate customers up to Rs 25,000 for losses due to fraudulent transactions.The RBI will propose three...
India’s life insurance sector expected to clock a CAGR of 14.5 pc over FY23-35
Key TakeawaysIndia's life insurance sector is expected to clock a CAGR of 14.5 pc over FY23-35, driven by strong macroeconomic fundamentals and rising financial...
PM Jan Dhan Yojana’s 11 years: Over 56 cr accounts opened, deposits cross Rs 2.68 lakh cr
Key Takeaways56.16 crore bank accounts opened under PMJDYDeposits stand at Rs2.68 lakh crore, nearly twelve times higher than in 2015Average deposit per account has...
BC Sakhis facilitate transactions of Rs 31,626 crore under doorstep banking initiative
Key TakeawaysThe BC Sakhis scheme has empowered rural women in Uttar Pradesh by providing them with sustainable livelihoods through doorstep banking.The scheme has facilitated...
Urban Cooperative Banks must maintain high standards of customer service: RBI Governor
Key TakeawaysUrban Cooperative Banks must maintain high standards of customer service to build trust with depositors.UCBs must ensure resilience against IT and cyber frauds...