Formal Banking System
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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
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Opinion | How PMJDY Sparked A Ripple Effect Across India's Economy
By bringing millions into the formal banking system, PMJDY has enhanced economic participation, reduced poverty, and contributed to social stability, mirroring the transformative impact of the US's Marshall Plan.
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Somalia Residents Anger at Kenya Cash Transfer Freezes
Residents of Somalia's capital on Thursday condemned as "collective punishment" Kenya's shutting down of money transfer services over suspected links to the Al-Qaeda-linked Shebab.
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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
-
Opinion | How PMJDY Sparked A Ripple Effect Across India's Economy
By bringing millions into the formal banking system, PMJDY has enhanced economic participation, reduced poverty, and contributed to social stability, mirroring the transformative impact of the US's Marshall Plan.
-
Somalia Residents Anger at Kenya Cash Transfer Freezes
Residents of Somalia's capital on Thursday condemned as "collective punishment" Kenya's shutting down of money transfer services over suspected links to the Al-Qaeda-linked Shebab.
