Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
STRATEGY OF BANKS,
BCBF (BUSINESS CORRESPONDENT
AND BUSINESS FACILITATORS)
MODEL, FINANCIAL LITERACY
CENTRES AND STATUS OF BANKS
BY
R.K.GUPTA
B. Com (Hons); CAIIB; AIB (London); LL.B; MBA (Finance)
11/22/2014
i.
j.
k.
11/22/2014
Number of
Branches
Number of
ATMs
Bank credit
Bank deposits
India
10.91
5.44
43.62*
60.11*
Austria*
11.81
48.16
35.26
32.57
Brazil
13.76
120.62
29.04
47.51
France
43.11
110.07
56.03
39.15
Mxico
15.22
47.28
16.19
20.91
UK*
25.51
64.58
467.97
427.49
United States
35.74
173.75*
46.04
53.14
Korea
18.63
250.29*
84.17
74.51
Afghanistan
2.25
0.50
11.95
21.4
Philippines
7.69
14.88
27.57
53.02
11/22/2014
Implementing the EBTF directly to the credit of the beneficiary for routing
MGNREGS, wages and social security benefits including proposed cash
transfers in respect of subsidies on Kerosene, LPG and Fertilisers etc.
MONETARY POLICY OF RBI AS ON 03.05.2013
With a view to facilitating Direct Benefit Transfer (DBT) for the delivery of social
welfare benefits by direct credit to the bank accounts of beneficiaries, it is
proposed to advise banks to:
a. Open accounts for all eligible individuals in camp mode with the
support of local government authorities;
b. Seed the existing accounts or the new accounts opened with Aadhaar
numbers; and
c. Put in place an effective mechanism to monitor and review the progress
in the implementation of DBT.
d. Guidelines are being issued separately.
11/22/2014
10
Banks have been mandated to open 25 % of all new branches in unbanked rural
centers.
xi. Free bank branching for domestic scheduled commercial banks in every part of
the country. No longer will a well-run scheduled domestic commercial bank have
to approach the RBI for permission to open a branch. RBI CIR: 19.09.13.
xii. Know Your Customer (KYC) requirements for opening bank accounts relaxed for
small accounts
xiii. Electronic Benefit Transfer for routing social security payments and other
entitlements through the banking channel.
xiv. Pricing for banks totally freed. Interest rates on advances totally deregulated
xv. Making available a minimum four banking products through the ICT based BC
model.
xvi. Banks are requested to ensure opening of Aadhaar Enabled Bank Accounts
(AEBA) of all the beneficiaries including those residing in villages with less than
2000 population CIR--- RBI 30.11.11
xvii. In addition to introduction from any person on whom KYC has been done, banks
can also rely on certificates of identification issued by the intermediary being
used as Banking Correspondent, Block Development Officer (BDO), head of
Village Panchayat, Post Master of the post office concerned or any other public
11/22/2014
11
functionary, known to the bank.
12
13
11/22/2014
14
PARTICULARS
MARCH 10
MARCH 13
GROWTH
33,378
40,837
7459
34,174
2,21,341
1,87,167
142
6,276
6,134
67,694
2,68,454
2,00,760
447
27,143
26,696
73.45
182.06
108.61
55.02
182.92
127.90
0.18
3.95
3.77
0.10
1.55
1.45
24.31
33.79
9.48
1240.07
2,622.98
1,382.91
1.39
3.63
2.24
35.11
76.34
41.23
26.52
250.46
490.49
6.92
233.88
15
388.97
ICT11/22/2014
A/Cs-BC- Transactions - Amt. in ` billions
11/22/2014
16
17
g.
h.
i.
j.
11/22/2014
19
20
21
23
11/22/2014
24
25
RBI-22.01.2009-100 per cent Financial Inclusion Evaluation by external agencies- Broad findings
Studies were conducted in 26 districts in the states of Andhra
Pradesh, Gujarat, Himachal Pradesh, Karnataka, Orissa,
Punjab, Rajasthan and West Bengal.
a. The findings reveal that although the State Level Bankers
Committees (SLBCs) have declared several districts as
100% financially included, actual financial inclusion has
not been to that extent in all the districts.
b. Further, most of the accounts that have been opened as
a part of the financial inclusion drive have remained
inoperative due to various reasons.
c. There is a need for SLBC/DCCs to actively step up the
awareness with regard to 'no frills' accounts as this
continues to be poor in many districts.
11/22/2014
26
RBI-22.01.2009-100 per cent Financial Inclusion Evaluation by external agencies- Broad findings
In order to sustain the momentum for financial inclusion,
banks are advised to
a. Ensure that steps are taken to provide banking
services nearer to the location of the no frills account
holders through a variety of channels including
satellite offices, mobile offices, business
correspondents, etc.;
b. Consider providing General Credit Card (GCC)/small
overdrafts along with no-frills accounts to encourage
the account holders to actively operate the accounts;
c. Conduct awareness drives so that the no-frills account
holders are made aware of the facilities offered;
d. Review the extent of coverage in districts declared as
100% financially included so as to meet the gaps in
banking facilities to those desirous of obtaining such
facilities; and
11/22/2014
27
28
29
b.
30
31
b.
b.
11/22/2014
33
34
ii.
iii.
b.
c.
d.
11/22/2014
35
d.
e.
All stakeholders like RBI, Other sectoral regulators like SEBI, IRDA,
PFRDA, etc., NABARD, Banks, Governments, Civil Societies, NGOs,
etc. to work together for a sound and purposeful collaboration.
Adequate infrastructure such as digital and physical connectivity,
uninterrupted power supply, etc. will boost the financial inclusion
initiatives.
If the EBT scheme succeeds and if Banks are allowed to develop
the business and delivery models, operations through BCs would
become viable and the number of transactions in these accounts
will increase.
Demand side initiatives - Create awareness, literacy, national
strategy, Curriculum in schools at national level.
Sensitization - Efforts to be made so as to bring about cultural and
attitudinal changes in the mindset of all stakeholders.
11/22/2014
36
Guidelines for Engaging Business Facilitator-02.07.12-Under the "Business Facilitator" model, banks may use the
services of intermediaries such as:
a. NGOs/SHGs
b. Farmers Clubs
c. Cooperatives
d. Community based organizations
e. IT enabled rural outlets of corporate entities
f. Post Offices
g. Insurance agents
h. Well functioning Panchayats
i. Village Knowledge Centres
j. Agri Clinics
02.07.12
The scheduled commercial banks including Regional Rural Banks (RRBs) and
Local Area Banks (LABs) may engage Business Correspondents (BCs), subject
to Due diligence may be carried out on the individuals/entities to be engaged
as BCs prior to their engagement. The due diligence exercise may, inter alia,
cover aspects such as
a. reputation/market standing,
b. financial soundness, (iii) management and corporate governance, (iv)
cash handling ability and (v) ability to implement technology solutions
in rendering financial services
c. Individuals like retired bank employees, retired teachers, retired
government employees and ex-servicemen, individual owners of
kirana/medical /Fair Price shops, individual Public Call Office (PCO)
operators, agents of Small Savings schemes of Government of
India/Insurance Companies, individuals who own Petrol Pumps,
authorized functionaries of well run Self Help Groups (SHGs) which are
linked to banks, any other individual including those operating Common
Service Centres (CSCs);
02.07.12
d.
e.
NGOs/ MFIs set up under Societies/ Trust Acts and Section 25 Companies ;
Cooperative Societies registered under Mutually Aided Cooperative Societies Acts/
Cooperative Societies Acts of States/Multi State
f.
Cooperative Societies Act; Post Offices; and v) Companies registered under the
Indian Companies Act, 1956 with large and widespread retail outlets, excluding Non
Banking Financial Companies (NBFCs).
g.
Now NBFC (ND) can be appointed as BC and distance of 30km has also been left to
the banks Board policy vide RBI circular dated 24.06.2014
h. While a BC can be a BC for more than one bank, at the point of customer interface,
a retail outlet or a sub-agent of a BC shall represent the bank which has appointed
the BC. However, it has now been decided to permit interoperability at the retail
outlets or sub-agents of BCs (i.e. at the point of customer interface), provided the
technology available with the bank, which has appointed the BC, supports
interoperability, subject to the following conditions:
i.
The transactions and authentications at such retail outlets or subagents of BCs
are carried out on-line;
ii.
The transactions are carried out on Core Banking Solution (CBS) platform; and
iii.
The banks follow the standard operating procedures to be advised by the
Indian Banks' Association (IBA).
b.
c.
d.
11/22/2014
48
Why to work?
To purify the mind and the heart (Chittashuddhi) and to
become wise; to provide public benefit
How to work?
With the spirit of renunciation, i.e., Tyag and to serve
others without self-interest
Spirit of work
Excellence and perfection in work (GEETA PREACHES)
22-11-2014
49