Chetna Vijay Sinha there is rising demand of micro enterprise loans from ₹1 lakh to ₹5 lakhs
The Mann Deshi Mahila Sahakari Bank was set up in 1997 after Kantabai, a welder who worked and lived with her family on the footpath in Mhaswad, rural Maharashtra, approached Chetna Sinha. She narrated a harrowing account of being rejected by several banks when she tried to open an account. Kantabai simply wanted a safe space to save some money so she could buy tarpaulin sheets to protect her home in the monsoons. Chetna Sinha decided to set up a bank for women like Kantabai. 1335 women pooled their savings (0.78 million) and set up the first bank for and by rural women in India. It remains a member-driven and memberowned bank.
The Udaipur Mahila Samridhi Urban Cooperative Bank, established in 1995, was founded by Kiran Maheshwari, who became its first chairman, with Kiran Jain being the first vice-chairman. The bank has made a remarkable progress during the last 27 years of dedicated services in its all products and schemes for women.
Laxmibai Mahila Nagrik Sahakari Bank, popularly known as Laxmi Bank, became the first co-operative bank in the entire central India in 1998, to be accorded the scheduled status by Reserve Bank of India. The chairperson of the bank Alka Shrivastava herself has been taking keen interest in providing affordable banking to the downtrodden women and empowering women in SHGs to be independent.
Konoklota Mahila Urban Co-operative Bank of Jorhat is taking a prominent part in upliftment of economic status of women since 1998. It is the only all women bank in Assam and one of its kind in entire North East India. Sakuntala Devi is the chairperson of the bank.
Denne historien er fra March 2022-utgaven av Banking Frontiers.
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Denne historien er fra March 2022-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap: