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Committee On Comprehensive Financial Services For Small Businesses And Low Income Households
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households (commonly known as the Nachiket Mor Committee) was an expert committee formed by Raghuram Rajan on 23 September 2013, after he was appointed as the governor of the Reserve Bank of India (RBI). It was headed by Nachiket Mor. The objective of the panel was to study various aspects of financial inclusion in India. The panel submitted its final report on 7 January 2014. Members The committee was chaired by Nachiket Mor, a member of the Central Board of the RBI. Other members of the committee were: * Bindu Ananth, president of IFMR Trust; * Prakash Bakshi, chairman of NABARD; * Bharat Doshi, chairman of Mahindra & Mahindra Financial Services Limited; * A. P. Hota, managing director and CEO of National Payments Corporation of India; * Sunil Kaushal, CEO of Standard Chartered Bank India; * Roopa Kudva, managing director and CEO of CRISIL; * Zia Mody, managing partner of AZB & Par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raghuram Rajan
Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Quote: "I am an Indian citizen. I have always been an Indian citizen. I always held an Indian passport. I held an Indian diplomatic passport when my father was in the foreign service and when I travelled on behalf of the Ministry of Finance. I have never applied for the citizenship of another country. I have never been a citizen of another country and have never taken a pledge of allegiance to another country."Crabtree, James (30 August 2013Raghuram Rajan, academic in a raging stormThe Financial Times (requires a subscription), Retrieved 11 November 2014 Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015, during his tenur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zia Mody
Zia Mody (born 19 July 1956) is an Indian corporate lawyer and businesswoman. Zia is the daughter of Soli Sorabjee, a former Attorney General of India. A founding partner of AZB & Partners, one of India's leading law firms, Zia is one of India's foremost corporate attorneys. She has been recognized for her contribution to the legal world, both in India and internationally. She has worked with G.E., Tata Group, Reliance Industries, Aditya Birla Group and the Vedanta Group. She also advises large private equity houses including KKR, Bain Capital and Warburg Pincus. She is ranked #1 in the most powerful women entrepreneurs by Fortune India in 2018 and 2019. Biography Mody's initial education was at Elphinstone College, Mumbai. She studied law at Selwyn College, Cambridge, followed by a master's degree from Harvard Law School in 1979. She passed the New York State Bar examination and qualified as an attorney in the State of New York. She worked for five years with Baker & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centre For Public Policy
The Centre for Public Policy is an Indian policy think tank engaged in research, training, teaching and capacity building. CPP is an initiative undertaken by the Indian Institute of Management Bangalore (IIMB) and is located within the IIMB's campus. History The CPP was established as a joint partnership venture agreement between the Department of Personnel and Training (DoPT), Government of India (GoI), the United Nations Development Programme (UNDP) and IIMB in 2000.''Centre for Public Policy (main page)''. Centre for Public Policy. Overview The Centre for Public Policy says that it:* has pioneered the application of management disciplines for better public services and governance in India. * runs the country’s l ... |
Regional Rural Bank
Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches. The area of operation is limited to the area notified by the government of India covering, and it covers one or more districts in the State. RRBs perform various functions such as providing banking facilities to rural and semi-urban areas, carrying out government operations like disbursement of wages of MGNREGA workers and distribution of pensions, providing para-banking facilities like locker facilities, debit and credit cards, mobile banking, internet banking, and UPI services. History Regional Rural Banks were established under the provisions of an ordinance passed on 26 September 1975 and the RRB Act 1976 to provide sufficient ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Syndicate Bank
Syndicate Bank was one of the oldest and major commercial banks of India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank. History 1925 1974 Syndicate Bank was founded in 1925 in Manipal, Udupi, Princely State of Mysore. The promoters came from a lower-middle class background and aimed to improve the socioeconomic status of the region. It was the only Indian bank with its headquarter in a rural area. The bank provided employment opportunities to the educated members of the local community. It had an initial paid-up capital of . It was unlike other banks which primarily financed trade and industries in urban areas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aadhaar
Aadhaar ( hi, आधार, ādhār, lit=base, foundation, bn, আধার) is a 12-digit unique identity number that can be obtained voluntarily by the citizens of India and resident foreign nationals who have spent over 182 days in twelve months immediately preceding the date of application for enrolment, based on their biometric and demographic data. The data is collected by the Unique Identification Authority of India (UIDAI), a statutory authority established in January 2009 by the Government of India, under the jurisdiction of the Ministry of Electronics and Information Technology, following the provisions of the Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016. Aadhaar is the world's largest biometric ID system. World Bank Chief Economist Paul Romer described Aadhaar as "the most sophisticated ID programme in the world". Considered a proof of residence and not a proof of citizenship, Aadhaar does not itself grant any righ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Priority Sector Lending
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income groups and weaker sections. This is essentially meant for an all-round development of the economy as opposed to focusing only on the financial sector. Categories of priority sector The broad categories of priority sector for all scheduled commercial banks are as under: (i) Agriculture and Allied Activities (Direct and Indirect finance): Direct finance to agriculture shall include short, medium and long term loans given for agriculture and allied activities directly to individual farmers, Self-Help Groups (SHGs) or Joint Liability Groups (JLGs) of individual farmers without limit and to o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deepali Pant Joshi
Deepali Pant Joshi is a former executive director of the Reserve Bank of India (retired in 2017). She is a development economist and a writer on economic subjects. Her professional responsibilities have included the Department oCurrency Management Legal Department and Premises Department. She was the First Appellate authority under the Right to Information Act, as well as the RBI nominee on the governing council of the Institute of Banking Personnel Selection (IBPS) and director on the board oBharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) Joshi has also served as the RBI regional director of Rajasthan. Prior to her appointment as executive director, Joshi was responsible for Customer Service Department and Rural Planning and Credit Department. Early life Deepali Pant Joshi studied at St. Mary's Convent Inter College, Prayagraj and at the University of Allahabad. Her father, Mr Jagdish Mohan Pant was an Advocate at the Allahabad High Court and later Administra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axis Bank
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group ( United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC and UTI). The remaining 69.19% shares are owned by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. History The bank was founded on 3 December 1993 as UTI Bank, opening its registered office in Ahmedabad and a corporate office in Mumbai. The bank was promoted jointly by the Administrator of the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shikha Sharma
Shikha Sharma (born 19 November 1958) is an Indian economist and banker, and from 2009 to 2018 was the managing director and CEO of Axis Bank, the third largest private sector bank in India. Sharma joined Axis Bank in 2009 and focused on strengthening its retail lending franchise, enlarging its investment banking and advisory capabilities and developing a comprehensive portfolio of products. Early life and education Daughter of an Indian Army officer, Shikha was born on 19 November 1958. As her father was an army man, the Sharma family travelled all over the country and Shikha attended seven schools in as many cities before finishing her schooling from Loreto Convent in Delhi. She went on to do BA (Honours) in Economics from the Lady Shri Ram College for Women (LSR) in Delhi and MBA from IIM Ahmedabad. She also holds a post-graduate diploma in Software Technology from the National Centre for Software Technology in Mumbai. According to a Business Standard report, "Physics w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ramesh Ramanathan
Ramesh Ramesh is a common name. In Persian, the name is derived from Pahlavi origin "Ramishn", meaning "happiness". It is also an Indian masculine given name, from Sanskrit, diminutive of Rameshwar, meaning "Lord/husband of Rama (the goddess Lakshmi)", an epithet of Vishnu and Krishna. It is used among Hindus, Jains and Buddhists and some Christians. Notable people with the name include: * Jairam Ramesh (born 1954), Indian politician * Jithan Ramesh (born 1981), Tamil cinema actor *Ramachandran Ramesh (born 1976), Indian chess grandmaster * Sadagoppan Ramesh (born 1975), Indian cricketer and film actor * Ramesh Aravind (born 1964), Kannada movie actor * Ramesh Bhat, Kannada movie actor *Ramesh Chennithala, (born 1956), Kerala politician *Ramesh Datla, Indian industrialist * Ramesh Karad (born 1968), Indian politician from Maharashtra * Ramesh Krishnan (born 1961), Indian tennis player * Pasupuleti Ramesh Naidu (1933–1987), Telugu film music director *Ramesh Ponnuru (born 1974), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant #Citicorp, Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is Delaware General Corporation Law, incorporated in Delaware. Citigroup is the List of largest banks in the United States, third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board and is commonly cited as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
