Part 1: Geo expansion connects with target segments
Rural banking heads discussed about the protentional geographies, industries & strategies to drive financial inclusion in rural areas of India.
Rural development plays a major role in the development of the global economy. In India, every nationalized banks has a rural banking division, which creates equitable opportunities for the rural people and enables them economically. It helps socially marginalized to properly integrate into the economy, engage in growth, and protect themselves from economic risks. Private sector banks now are increasingly active in this space, spreading wider and offering newer products.
PROMISING GEOGRAPHIES
Karur Vysya Bank has a strong presence in the southern states, and the bank set up the goal of serving financially unserved and underserved segments thus promoting financial inclusion, especially in rural areas of our country. B. Ramesh Babu, MD & CEO of the bank, says: “Our recent success stories include lending short-term loans for meeting out expenses of agriculture and agriallied activities of farmers, warehouse receipt lending and medium-term loans for promoting agriculture infrastructure lending, etc.”
K. Paul Thomas suggests partnering FPOs and BCs as an effective means to reach rural customers
Fincare Small Finance Bank has established a strong presence in rural areas, including 19 states and 3 UTs, bringing financial services to previously underserved communities. Soham Shukla, COO - Rural Banking, said: “As of 31st March 2023, the bank has a network of 1231 banking outlets spread across 19 states and 3 union territories, covering 338 districts and 57,186 villages.”
Denne historien er fra August 2023-utgaven av Banking Frontiers.
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Denne historien er fra August 2023-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: