Not being a huge fan of news channels, I was blissfully ignorant of the recently trending news of currency ban till my mother came in and related the same and what a stir it has created. Switching on the T.V, listening to the aims and approach of the government, it felt like a step has been taken in the correct direction. It felt like the time has finally come when a huge … [Read more...]
I Went To A Bank To Get Loan For Buying Arhar Dal. I Bribed Onions And Got The Work Done!
The guard at the entry gate stopped me with a cursory smile, it wasn't his fault, mine neither. Security guards all around the globe would obviously be suspicious of a man whose pockets are bloated in an unorthodox fashion, especially a security guard standing at the doorsteps of a Bank. After thorough inspection he was relieved that there were no explosives in my pocket and … [Read more...]
Payment Banks May Change The Entire Face Of Banking. Is This What We Were Missing Till Now?
[Majority of the Indian population don’t have a bank account. This is mainly because of the high minimum balance requirement and fines charged by private banks. Public banks on the other hand are inefficient and have low creditability (and high NPAs). To tackle this situation India needed the use of technology in banking services and payment bank through mobile phones (which … [Read more...]