BFSI Weekly Newsletter: April 14, 2015, Volume 02, Issue 14
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Prime Minister Narendra Modi launched Pradhan Mantri MUDRA Yojana to support the small entrepreneurs across the country. Read More




PM Modi launches Mudra bank under Pradhan Mantri Jan Dhan Yojana
Mudra would also partner with State/Regional level coordinators to provide finance to Last Mile Financiers of small/micro business enterprises. Read More
SBI cuts home loan interest rate by up to 0.25%
For women borrowers the rate has been aligned to the base rate at 9.85 per cent per annum, while for other borrowers the interest rate will be 9.90 per cent. Read More
IDFC gets shareholders' nod to launch bank
Infrastructure financing firm IDFC Ltd has received shareholders approval to its demerger scheme to set up a wholly-owned subsidiary IDFC Bank. Read More
Govt raises stake in state-owned IFCI to 51%
Government has acquired IFCI's 6,00,00,000 Preference shares of Rs 10 each from certain scheduled commercial banks. Read More
The National Payments Corporation of India (NPCI) has completed system integrations to enable e-commerce transactions through RuPay cards of the public sector banks (PSBs). Read More


Financial Inclusion Moving on IT

Now, further action should be to ensure financial inclusion even in the last mile and also ensure whatever money is lying among the population is enrolled under the financial institution scheme. Read More

Abraham Chacko,
Executive Director, Federal Bank
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