Removing an earlier restriction that the Reserve Bank had placed on NBFCs, the RBI today has restored the permission for non-deposit taking NBFCs (NBFC-ND) to become Business Correspondents (BCs) to commercial banks, as recommended by the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households (CCFS).

In keeping with its mission of providing access to debt capital for financial enterprises serving the financially-excluded communities, IFMR Capital today announced India’s first collateralised bond obligation (CBO) – the IFMR CBO I of Rs 98 crore, comprising multi-issuer pooled non-convertible debentures.

Recently Bindu Ananth participated in a panel discussion as part of Network 18's "Change India: Experiments with Big Ideas" TV series.

IFMR Investment Managers Private Limited, the asset management company of IFMR Trust, has received approval from SEBI to launch IFMR FImpact Investment Fund (the Fund), the first scheme under its social venture fund registered under Category 1 of SEBI (AlF) Regulations, 2012.

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.

This post is the first in a series on Social Security for the Indian Unorganised Sector.

Imagine you are a labourer in a village in Odisha and have painstakingly completed your Aadhaar formalities (for which you gave a proof of permanent address and your fingerprints).

The investment requirement of urban infrastructure over the next 20 years is estimated by the Isher Ahluwalia Committee to be in the region of Rs. 40 lakh crore.

Financial inclusion and financial deepening have an important role to play in promoting economic growth and reducing poverty and inequality, while mitigating systemic risk and maintaining financial stability.

Microfinance has long been seen by many as a panacea for fighting poverty by providing access to financial services to low-income population considered unbankable by the traditional financial system.