Slice Completes Merger with North East Small Finance Bank Overview of the Merger In a significant development in India’s financial landscape, Slice, a prominent fintech company, has successfully completed its merger with North East Small Finance Bank (NESFB). This merger, aimed at enhancing Slice’s banking capabilities, will allow the fintech firm to leverage NESFB’s extensive…
Introduction: A Decade of Social Security Initiatives In May 2025, India commemorates a significant milestone—the 10th anniversary of the Jan Suraksha Schemes, launched by Prime Minister Narendra Modi on May 9, 2015. These initiatives aimed to provide accessible and affordable social security to the masses, particularly targeting the unorganized sector and economically vulnerable populations. Overview…
UPI’s Dominance in India’s Digital Payments Landscape The growth of India’s digital payments ecosystem has been remarkable over the past few years, and one of the key drivers of this revolution is the Unified Payments Interface (UPI). The UPI system, launched in 2016 by the National Payments Corporation of India (NPCI), has significantly transformed the…
RBI’s Progressive Step Towards Financial Inclusion In a landmark move, the Reserve Bank of India (RBI) has permitted minors aged 10 years and above to independently open and operate bank accounts. This decision aligns with RBI’s vision of increasing financial literacy and inclusion among the younger generation. The step is intended to instill a sense…
Poonawalla Fincorp and IndusInd Bank Launch Co-Branded RuPay Credit Card Introduction of the New Credit Card Poonawalla Fincorp Limited and IndusInd Bank have collaborated to launch a new co-branded credit card named the ‘IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card’. This card aims to enhance the customer experience by offering various rewards and…
IndusInd Bank’s Pilot Program with RBI’s Programmable CBDC: Revolutionizing Agricultural Finance IndusInd Bank has embarked on a groundbreaking initiative in collaboration with the Reserve Bank of India (RBI) by launching a pilot program utilizing the central bank’s Programmable Central Bank Digital Currency (CBDC). This innovative endeavor seeks to transform the landscape of agricultural finance, offering…
Overview of the One State One RRB Initiative The Indian government is moving ahead with its ambitious ‘One State One RRB’ (Regional Rural Bank) reform to streamline rural banking operations. This policy seeks to consolidate multiple RRBs within a state into a single unified banking entity, thereby enhancing operational efficiency, reducing redundancy, and improving service…
Introduction: Milestone for Inclusive Entrepreneurship The Stand-Up India Scheme, launched in 2016, has successfully completed 7 years, playing a pivotal role in empowering Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs. The initiative has significantly contributed to promoting financial inclusion and economic empowerment among traditionally underrepresented groups. Key Objectives of the Scheme The scheme…
Introduction: Enhancing Financial Inclusion through KYC at Doorstep In a major move to strengthen financial inclusion and mutual fund penetration across rural and semi-urban India, India Post has collaborated with Nippon India Mutual Fund (NIMF) to provide door-to-door Know Your Customer (KYC) services. This joint initiative is set to leverage the vast postal network and…
Celebrating 10 Years of Jan Dhan Yojana Introduction to Jan Dhan Yojana The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched on August 28, 2014, by Prime Minister Narendra Modi, marks its 10th anniversary this year. This landmark financial inclusion program aimed to bring millions of unbanked Indians into the formal banking system. Over the decade,…
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