About 44 results found for "atm"

18
Oct

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 […]
8
May

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 […]
23
Mar

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 […]
18
Jul

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 […]
8
Jul

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 […]
10
Jun

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 […]
8
Apr

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 […]
12
Mar

Building a Ubiquitous Electronic Payments Network and Universal Access to Savings – Part II

By Rachit Khaitan, IFMR Finance Foundation Continuing from an earlier post, this post highlights the CCFS recommendations around various bank and non-bank channels that will serve to deliver a ubiquitous payments network and universal access to savings. Payments Bank With the pressing need to provide access to payment services and deposit products to millions of […]
3
Mar

Building a Ubiquitous Electronic Payments Network and Universal Access to Savings – Part I

This post is part of IFMR Finance Foundation’s blog series on the CCFS Report. By Rachit Khaitan, IFMR Finance Foundation The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households (CCFS) envisions the following: By January 1, 2016 each Indian resident, above the age of 18 years, would have an individual, full-service, […]
21
Jan

The Suitability Approach to Client Protection: Comments on the Mor Committee Report

Guest post by Elisabeth Rhyne, Managing Director, Center for Financial Inclusion The Mor Committee Report offers a radical take on client protection, built around the concept of a legal right to suitability. After describing the recommendations briefly, I would like to tell IFMR’s readership why I’m excited about the approach (two big cheers), provide some […]