Page-12 of Financial inclusion Current Affairs, GK & News

Cabinet approves Micro Financial Sector (Development and Regulation) Bill, 2011

The Union Cabinet cleared the Micro Financial Sector (Development and Regulation) Bill, 2011, which will bring the microfinance industry under the regulatory ambit of RBI. As per the Bill all microfinance institution (MFIs) will now have to be registered with the RBI, which will decide the interest rate that MFIs can charge. Also it would ..

Month: 

Category: 

Topics: 

Financial Inclusion: New operational guidelines on Financial Inclusion

The new RBI guidelines on Financial Inclusion have shifted the onus from “‘one district-many banks” to “‘one district-many banks-one leader bank“. The new operational guidelines are for the implementation of a transfer system (Electronic Benefit Transfer) for servicing low-value accounts and extending banking infrastructure to under-served low income areas. Here are a few notes: What ..

Month: 

Category: 

Topics: 

RBI’s Financial Literacy Drive Programme for Financial Inclusion

The idea behind the Financial inclusion is that all people or every household in the country must have an operative account in a bank. To achieve 100 per cent financial inclusion across the country,Reserve Bank of India has decided to work with state governments for opening no-frills accounts (operational with facility to deposit money, take ..

Month: 

Topics: 

Abbreviations N

NABARD National Bank for Agriculture and Rural DevelopmentNAV Net Asset ValueNBC Net Bank CreditNBFC Non-Banking Financial CompanyNBFC-ND Non-Deposit taking Non-Banking Financial CompanyNBFC-ND-SI Systemically Important Non-Deposit taking Non-Banking Financial CompanyNBFI Non-Banking Financial InstitutionsNBV Net Book ValueNCAF New Capital Adequacy FrameworkNCEUS National Commission for Enterprises in Unorganised SectorNCR National Capital RegionNDC No Due CertificateNDS Negotiated Dealing SystemNDS-OM ..

Topics: 

12 / 12<<<101112