About 49 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 […]

Suitability becomes a Customer Right

By Deepti George, IFMR Finance Foundation The RBI has published on its website the final Charter of Customer Rights for banking customers. This Charter has retained all the five Rights mentioned in the draft Charter previously published and includes: Right to Fair Treatment Right to Transparency, Fair and Honest Dealing Right to Suitability Right to […]

Payments Banks become a reality

By Deepti George, IFMR Finance Foundation The RBI has published final Guidelines for Licensing of Payments Banks in India after reviewing feedback and comments obtained by it on the draft guidelines that were published in July 2014 and covered in an earlier post. The Guidelines have permitted Payments Banks to be established under the Banking […]

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 […]