Stay updated with the latest financial-inclusion news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on financial-inclusion topics.
An SBI research report indicates that the Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) is driving a significant shift in digital payment behavior. The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) is not only fulfilling the dream of home ownership for millions of urban poor and middle-class families but is also driving a remarkable transformation in digital payment behaviour, noted a research report from the State Bank of India (SBI). Add Asianet Newsable as a Preferred Source The sc ...Read More >
RBI Governor Sanjay Malhotra addressed the Global Fintech Fest 2025, urging India's nearly 10,000 fintech entities to responsibly innovate, serve the underserved, and embed data protection to help India become a developed nation by 2047. Reserve Bank of India (RBI) Governor, Sanjay Malhotra, urged fintechs to leverage India's digital public infrastructure to serve the underserved, innovate responsibly, and shape global digital finance. In his address at the Global Fintech Fest 2025 in Mumbai on ...Read More >
Mumbai, Oct 8 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest here, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved. "Build for inclusion. While there may be higher profits to be made by deepening access to the haves and the privile ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple is taking another bold step toward mainstream finance by extending the reach of its Interledger Protocol into the SWIFT network, regarded as the backbone of global payments. By enabling interoperability between two of the most influential payment ecosystems, Ripple is positioning XRP as a key player in the future of international money movement. The strategy for mainstream ...Read More >
Bengaluru : Bank of Baroda (Bank), one of India's leading public sector banks, and IIFL Finance, a leading Non-Banking Financial Company (NBFC), have entered into a Co-Lending partnership to offer gold loans primarily targeted at underserved and unbanked customer segments across semi-urban and rural India. The collaboration aims to provide small borrowers with faster, easier, and more affordable credit for agricultural and allied activities. Under this agreement and in line with the Reserve Ban ...Read More >
Sidbi achieved an all-time high net profit of Rs 4,811 crore in FY25, marking a 19.5% increase, with its balance sheet surpassing Rs 5.6 lakh crore. The bank maintained excellent asset quality and approved a 20% dividend. Sidbi remains dedicated to bolstering the MSME sector through digital initiatives, green energy promotion, and expanding its branch network for wider credit access. Small Industries Development Bank of India (Sidbi) on Monday said its net profit rose by 19.5 % to hit an all-ti ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) Association of Mutual Funds in India (AMFI) on Saturday hailed the regulatory changes introduced by the Securities and Exchange Board of India (Sebi), simplifying norms for IPO and foreign portfolio investors. Sebi, in its recent board meeting, decided to revise the minimum public shareholding (MPS) norms for large companies planning initial public offerings (IPOs). "We welcome SEBI's progressive and well-calibrated reforms announced at its recent Board Meeti ...Read More >
New Delhi, Sep 13 (PTI) Public sector banks (PSBs) have transitioned from a phase of survival and stability and are now positioned to play a larger role as champions of growth, innovation, and leadership in the journey towards Viksit Bharat 2047, Financial Services Secretary M Nagaraju has said. Addressing the two-day PSB Manthan, which concluded on Saturday, Nagaraju also highlighted the need for PSBs to aspire to global competitiveness, strengthen governance and operational resilience, and ex ...Read More >
New Delhi, 13 September 2025: The Centre for Development of Telematics (C-DOT) under the Ministry of Communications has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to strengthen the state-owned bank's IT infrastructure and fast-track its technology transformation journey. With technology continuing to outpace its impact on various sectors, ranging from digital payments, blockchains, and artificial intelligence to IoT and cloud solutions, this collaboration has the ...Read More >
NEW DELHI: On the 11-year completion of the Pradhan Mantri Jan Dhan Yojana (PMJDY), Uttarakhand chief ministerPushkar Singh Dhami on Wednesday emphasised how India's economy has progressed over the years and how crores of citizens have been connected to the financial system.CM Dhami on X said, "The visionary foresight and resolve of the Honorable Prime Minister Narendra Modi ji laid the foundation for a transformation 11 years ago, which gave a new direction to India's economic progress. The Pra ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) Union Home Minister Amit Shah on Thursday hailed the socio-economic gains from the Pradhan Mantri Jan Dhan Yojana (PMJDY), crediting Prime Minister Narendra Modi for conceiving the world's largest banking initiative in history. "Exactly 11 years ago today, for the financial inclusion of the poor, women, farmers, and deprived sections, Modi ji launched the world's largest banking initiative in history, the 'Pradhan Mantri Jan Dhan Yojana'," said HM Shah on the ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chie ...Read More >
Srinagar, Aug 28: According to the August 2025 edition of EY Economy Watch, the Indian economy is projected to grow significantly, reaching $20.7 trillion by 2030 and potentially $34.2 trillion by 2038. This optimistic outlook is driven by strong economic fundamentals, favourable demographics, and ongoing structural reforms. India currently holds the position of the fourth-largest economy in the world by nominal GDP, with an estimated size of $4.19 trillion. With a median age of just 28.8 years ...Read More >
New Delhi, Aug 28 (PTI) With the PM Jan Dhan Yojana completing 11 years, Prime Minister Narendra Modi on Thursday said the scheme has given people the power to script their own destiny and asserted that when the last mile is financially connected, the entire nation moves forward together. The PM Jan Dhan Yojana, launched on this day in 2014, is a national mission on financial inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households in ...Read More >
New Delhi: First-time borrowers without a CIBIL score should not face outright rejection of loan applications, the government clarified in Parliament. Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha during the monsoon session that the Reserve Bank of India (RBI) has not prescribed any minimum credit score requirement for loan approval. RBI has advised banks and financial institutions not to reject applications solely due to lack of credit history. This enables new borrowe ...Read More >
New Delhi, Aug 22 (PTI) Sebi chairman Tuhin Kanta Pandey on Friday cautioned the mutual fund industry that beyond market-linked investment risks, operational risks such as fraudulent redemptions by impersonators pose a growing threat to investor confidence. He stressed the need for heightened vigilance, urging asset management companies (AMCs) to respond swiftly and track evolving fraud patterns as perpetrators become more sophisticated. While there is a need to diversify beyond the blue chips ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
New Delhi, Aug 19 (SocialNews.XYZ) India Post on Tuesday announced that it has entered a new era of digital transformation with the nationwide rollout of IT 2.0 -- Advanced Postal Technology (APT). The initiative, led under the vision of Prime Minister Narendra Modi and guided by Union Communications Minister Jyotiraditya M. Scindia, is being hailed as a milestone in India Post's journey towards Digital India. The advanced postal technology platform is designed to bring faster, more reliable a ...Read More >
NEW DELHI: Prioritising rural, urban infrastructure and investing in people, a parliamentary panel on Tuesday called for raising the investment rate of gross domestic product (GDP) to 35 per cent to achieve the ambitious growth target of 8 per cent in the country. It also urged the government to maintain sustainable, growth-oriented energy policies that prioritise affordability and efficiency while balancing climate commitments with economic and social objectives. "The investment rate must incr ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Railway Minister Ashwini Vaishnaw on Sunday said that India's first bullet train between Mumbai and Ahmedabad will commence operations "very soon," and it will reduce travel time between the two cities to just 2 hours and 7 minutes. Talking to reporters at the Bhavnagar terminus in Gujarat, after virtually flagging off three trains: the Ayodhya Express, Rewa-Pune Express, and Jabalpur-Raipur Express, Vaishnaw stated that the bullet train project is moving quick ...Read More >
Nippon Life India Asset Management Ltd. expands financial inclusion by opening a branch in Leh, becoming the first asset management company with a physical presence in the high-altitude region. In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- b ...Read More >
New Delhi, Aug 1 (PTI) India Post Payments Bank has started nationwide rollout of Aadhaar-based face authentication facility for customer transactions that is expected to make digital banking more secure and convenient especially for the elderly and differently abled people, according to a statement on Friday. The face authentication feature, developed under the framework of UIDAI (Unique Identification Authority of India), will enable customers to perform banking transactions using facial reco ...Read More >
New Delhi [India], July 20 (ANI): India has emerged as the global leader in fast payments, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. At the heart of this transformation is the Unified Payments Interface, better known as UPI. Launched in 2016 by the National Payments Corporation of India, UPI has changed how people send and receive money in the country. It brings all your bank accounts together in one mob ...Read More >
New Delhi [India], July 18 (ANI): A team of Nand Nagri Police Station launched a special drive against individuals involved in the sale of banned 'Chinese Manjha', amid rising incidents of injuries and nabbed two siblings with 325 rolls on Friday. With Independence Day (15th August) and Raksha Bandhan approaching, the Delhi Police has launched a special drive to curb the sale and use of hazardous Chinese Manjha -- a nylon-based kite string that has caused numerous injuries and fatalities involv ...Read More >
ITANAGAR, 18 Jul: The National Bank for Agriculture and Rural Development (NABARD) celebrated its 44th foundation day at DK Convention Hall here, reaffirming its commitment to inclusive growth and sustainable development. During the programme, a booklet titled 'NABARD in Arunachal Pradesh' was released and the participants were apprised of the schemes of the NABARD. A presentation was also made on the history of cooperative movement and various initiatives taken by the Government of India, the ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health departm ...Read More >
Ranchi, Jul 18 (PTI) The National Bank for Agriculture and Rural Development (NABARD) on Friday reaffirmed its commitment to driving inclusive rural development, with a renewed focus on entrepreneurship, innovation, and financial inclusion on its 44th foundation day. Shilpi Neha Tirkey, Jharkhand's Minister for Agriculture, Animal Husbandry and Cooperation, acknowledged the NABARD's significant contribution to rural development in the state and stressed the need for enhanced collaboration betwe ...Read More >
Ranchi, Jul 18 (PTI) The National Bank for Agriculture and Rural Development (NABARD) on Friday reaffirmed its commitment to driving inclusive rural development, with a renewed focus on entrepreneurship, innovation, and financial inclusion on its 44th foundation day. Shilpi Neha Tirkey, Jharkhand's Minister for Agriculture, Animal Husbandry and Cooperation, acknowledged the NABARD's significant contribution to rural development in the state and stressed the need for enhanced collaboration betwe ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population ...Read More >
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