BFSI Weekly Newsletter: November 10, 2015, Volume 02, Issue 44
Our unique, controlled business-to-business circulation reaches a wide and powerful audience with focus on current trends & technology in the BFSI sector. It is carefully distributed to high-readership areas in conjunction with typical business subscriptions and membership organisations.
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No. of bank accounts shoots up, but 43% lie dormant
Following the government’s rigorous efforts to ensure one bank account for every household across the country, India has seen a robust growth in the number of new account ownership. In January this year, the number of total accounts...Read More





RBI raises concern over rising defaults in education loan
The rising defaults in the education loans have raised an alarm for RBI Governor Raghuram Rajan, who told the 6th Delhi Economics Conclave recently “Loans should be devised in a flexible manner, providing options like automotive moratorium...” Read More
Fintech investment up $3.5bn in Asia-Pacific: Accenture
Investments in financial technology (fintech) across Asia-Pacific increased to nearly $3.5 billion in first nine months of 2015. The largest share of 2015 Asia-Pacific fintech investment deals were in payments (40 per cent) and lending... Read More
Retail banks buckle up for innovation race, globally
A global not-for profit organisation, Efma has launched the seventh annual study of ‘Innovation in Retail Banking‘, which highlights that 84 per cent of retail banks have increased their investments in disruptive technologies... Read More
IDFC Bank sees sizable expansion over next five years
New private sector IDFC Bank is looking to fill up the space, which has been a constraint for the PSBs. The inability of the state-run banks to expand their balance-sheet due to capital constrains creates an opportunity for the new private banks... Read More
The State Bank of India net profit rose to 25 per cent to Rs. 3879.07 crore for the second quarter ended September 30, 2015. The total income of the bank increased from Rs.41,833.36 crore for the quarter ended September 30, 2014... Read More


Digital Payment Services for All
Technology is something that brings disruption, and disruptions are taking place in India. However, this will take the country forward in terms of payments, financial services, financial inclusion, etc. Technology will surely make a huge difference...
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Shashank M Joshi
Managing Director, MoneyOnMobile

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