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: Current Affairs - May, 2012
Category: Government Schemes Current Affairs
Topics: Economic development • Economy • Finance • Financial inclusion • Financial services • Microcredit • Microfinance • MicroFinance Institutions Network • NBFC & MFI in India • Poverty • Social economy
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: Current Affairs - November, 2011
Category: Government Schemes Current Affairs
Topics: Banking • Banks • Economy • Electronic benefit transfer • Federal assistance in the United States • Financial inclusion • Financial services • Money • Payment systems • Reserve Bank of India • Supplemental Nutrition Assistance Program • Wire transfer
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: Current Affairs - September, 2009
Topics: Bangalore • Economy • Finance • Financial inclusion • Financial literacy • Financial services • Literacy • Reserve Bank of India
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: Bank • Banking • Capital requirement • Economy • Finance • Financial inclusion • Financial services • Non-bank financial institution