Posts Tagged ‘Business Correspondents’

Microfinance Focus, September 30, 2010: For extending banking services to the underserved, the Reserve Bank of India (RBI) has decided to permit banks to engage for-profit companies registered under the Indian Companies Act, 1956, excluding Non Banking Financial Companies (NBFCs), as Business Correspondents (BCs) in addition to the entities permitted earlier. RBI has earlier placed a discussion paper on engagement of ‘for profit’ companies as BCs ... Full story

By Jatinder Handoo, Microfinance Focus, August 6, 2010: The Reserve Bank of India (RBI) has recently put up a discussion paper in public space for engagement of “for profit” companies as business correspondents (BC) in India. This was on cards after a series of developments like August 2009 Working Group’s review of the BC guidelines which paved path for relaxing entry barriers for new ... Full story