About 47 results found for "atm"


Extending the third-party aggregator model from ATMs to Business Correspondents

Guest post: By Ignacio Mas and Abhishek Sinha When you have two systems running in parallel, the hardest part is always managing the interface between the two. Customers don’t usually all migrate to the new system entirely and at the same time, so there is a need for the new system to offer backward compatibility […]

An overview of the features of the Mahatma Gandhi National Rural Employment Guarantee Act (2005)

By Krushna Ranaware, Intern, IFMR Finance Foundation Continuing on our series on Unemployment Support In India, this post provides an overview of the Mahatma Gandhi National Rural Employment Guarantee Act (2005). The notion that public works programs can provide a strong social safety net through redistribution of wealth and generation of meaningful employment has been […]

Emergency Loan as an ATM

Mr. M Dandapani Reddy of Badakushastali village, Orissa underwent a traumatic night on 9th March 2010, when his daughter N Rebati Reddy had fallen down and cut her chin. The accident required her to be rushed to the nearest medical centre in Berhampur late in the night for immediate medical attention; Dandapani had to arrange […]

Revisiting the core ideas of CCFS

By Vishnu Prasad, IFMR Finance Foundation The Report of the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households (CCFS) was submitted to the Reserve Bank of India (RBI) in January this year. In the eight months that have passed, the RBI has accepted a number of the report’s recommendations including publishing […]

The Great Inequality Debate

By Ravi Saraogi, IFMR Investments Introduction Simon Kuznets’ seminal 1955 study on income inequality is famous for the inverted ‘U’ hypothesis1 which posits that as an economy develops, inequality first increases and then decreases if a certain level of income is achieved. In his study, Kuznets writes that the study of income distribution “has been […]

Designing a Minimum Social Security Floor for the Indian Unorganised Sector

By Vishnu Prasad, IFMR Finance Foundation This post is the second in a series on Social Security for the Indian Unorganised Sector. The series will look at the challenges in the current implementation of social security schemes in India, and aim to provide a comprehensive framework for effective design, ownership, governance and delivery. This series […]

Niche banking in India: Draft Guidelines for Payments Banks

By Deepti George, IFMR Finance Foundation The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households recommended developing a vertically differentiated banking structure, in which banks specialise in one or more of three functions- payments, credit delivery and retail deposit taking. The Committee, thus, recommended the licensing of new categories of specialised […]

Adoption of Mobile Financial Services in Thanjavur – Pudhuaaru KGFS & Qarth Technologies Pilot

Guest post by Jaya Umadikar (RTBI), Prerit Srivastava (Qarth) & Gaurav Raina (IITM) Since its introduction in 2010, IMPS based mobile banking transactions have been growing month on month reaching 3.5 Million monthly transactions in May 2014. However even with high penetration of mobile phones, mobile financial services haven’t seen a massive adoption among the […]

Local Address Proof no longer a bottleneck to account opening

By Deepti George, IFMR Finance Foundation Customers attempting to open a savings bank account in a scheduled commercial bank will no longer require to furnish proof of current address if the customer is staying at a location that does not correspond with that of his or her permanent address. In such instances, the customer need […]

The Impact of KGFS in Rural Tamil Nadu: Early Evidence from a Randomised Control Trial

By Santadarshan Sadhu, IFMR Finance Foundation The Kshetriya Gramin Financial Services (KGFS) model since its inception has focused on providing a range of high quality financial services through its geographically-focused community financial institutions using a customised wealth management approach. Utilising an experimental approach based on randomised rollout of KGFS branches in Pudhuaaru, Vellaru and Thenaaru […]