Financial Inclusion- News And Views - May 2016


May 2016

The Reserve Bank of India released the “Draft Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”, that relax earlier stringent conditions for bank licenses. This move opens up India’s banking sector to more competition that should result in greater access to financial services across the country. Suggestions/comments on the Draft Guidelines can be mailed to by June 30, 2016.

The March 2016 ICFI Policy Brief “Aadhaar: Understanding Content, Intent and Portent” examines the evolution of Aadhaar since inception till the passing of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016 as a money bill.

In a two-part series in Business Standard, Sumita Kale has assessed the progress of the Pradhan Mantri Jan Dhan Yojana – “Don't undermine the strides made by Jan-Dhan” (4th May 2016) and “Jan-Dhan not perfect, but its progress is laudable” (5th May 2016).


Building the Agent Network for Financial Inclusion
Policy Brief April, 2016

Aadhaar: Understanding Content, Intent and Portent
Policy Brief March, 2016

Digital Financial Inclusion: Agenda For India
Policy Brief December, 2015

Service Quality Standards in Telecom Connectivity for Financial Inclusion
Policy Brief November, 2015

In the Media

Sumita Kale: Jan-Dhan not perfect, but its progress is laudable
Business Standard, 04 May 2016

Sumita Kale: Don't undermine the strides made by Jan-Dhan
Business Standard, 03 May 2016

Enabling direct transfers through JAM
Mint, 12 February 2016


Strengthening BC network - RBI's timeline
Budget 2016-17 and Aadhaar
JAM or BAPU - which works best for DBT?

Section I: Policy – the latest from India’s policymakers

The new economics of financial inclusion in India
Mr. Arun Jaitely, Finance Minister, Government of India, March 31, 2016

Money and Education
Dr. Raghuram Rajan, Governor, RBI, May 7, 2016

Green Finance – Early Initiatives
Shri R. Gandhi, Deputy Governor, RBI, April 29, 2016

Empowering MSMEs: Issues & Challenges
Shri S. S. Mundra, Deputy Governor, RBI, April 6, 2016

Pradhan Mantri Jan - Dhan Yojana Accounts Opened 
Trend of Zero Balance Accounts Under PMJDY
Position of Overdraft
Position of Bank Mitra Infrastructure

Section II: News and Views Digest – the latest from India and abroad


Here's how the banking industry is trying to deal with tech disruptors
E-Financial inclusion critical for banks: Dy Gov RBI
How Payments Banks Will Change India's Banking Landscape
RBI's Move Timely and Significant
Banking for all: Hurdles and fixes
Financial Capability and Indian Digital Financial Services
Customer Vulnerability, Trust and Risk in Indian Digital Financial Services
PMJDY Bank Mitr Assessment: The Supply-Side Story
PMJDY: Milestones Reached, Yet Miles To Go – Customer Side Story Part 2
PMJDY: Milestones Reached, Yet Miles to Go – Customer Side Story Part 1
Where Are Women Agents in Indian DFS?
Fierce Competition for India’s Newly Minted Small Finance Banks
Foster financial inclusion by mobile banking and Aadhaar project
From confusion to financial inclusion
What next after financial inclusion?
Airtel Payments Bank to start services between July and September
Financial innovation
Financial inclusion not an end in itself: YV Reddy
Financial literacy as vital as financial inclusion
Financial inclusion gets a boost with Jan Dhan Yojana
Virtual reality, blockchain set for prime time in India: William Briggs
PM Modi launches 'Stand up India' to promote financial inclusion


Colombia’s Recipe for 100% Agent Coverage: Aggregation & Sharing
Understanding Customer Inactivity with Customer Data from Kenya
Linking Mobile Banking with Village Groups in Uganda
ITU working groups to report back on digital financial inclusion project
Zimbabwe: Financial Inclusion to Be Spread
Financial inclusion challenges
African leaders urged to educate farmers on financial inclusion
Financial Inclusion: Turning from millions to billions
Tanzania: Women Starve of Financial Services
Guiding Financial Institution Strategy: Working on Small Data

Section III: Research – surveys and studies on expanding access to financial services

Agent Dormancy: Reasons and Remedial Measures
Akshat Pathak, Anil Kumar Gupta, Vartika Shukla,Sunil Bhat, Nimesh Soni, Priya Garg and Vikram Sharma, MicroSave, May 06, 2016
Financial Inclusion for the Rural Poor Using Agent Networks in Peru
Innovations for Poverty Action, April 29, 2016
Responsible Bundling of Microfinance Services
Emily Zimmerman, Jonathan Bauchet, Barbara Magnoni and Vance Larsen, CGAP, April 29, 2016
Using Behavioral Science
Marina Dimova and Mukta Joshi, CGAP, April 29, 2016
Toward Developing Unsuitability Guidelines for Credit Provision
Vaishnavi Prathap and Rachit Khaitan, CGAP, April 29, 2016
Interventions to Strengthen PMJDY Scheme
Sakshi Chadha and Anurodh Giri, MicroSave, April 13, 2016

The monthly newsletter from the Indicus Centre for Financial Inclusion documents the latest news and views in the financial inclusion space. Editor: Sumita Kale can be contacted at The Indicus Centre for Financial Inclusion was launched in 2011 to distil and disseminate information on accelerating the poor’s access to high-quality financial services. The Centre is supported by the Bill & Melinda Gates Foundation.

© Indicus Centre for Financial Inclusion. All rights reserved. 11th May 2016

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