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Revolutionizing Financial Services in Urban India
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Financial Services in Urban India
Industry :
Equity Research/Analytics, Investment Banking
Functional Area : Equities, India, Growth |
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About "Revolutionizing Financial Services in Urban India" topic:
No matter how much we discuss on rural development from various aspects, we cannot lose sight of the need for urban renewal since according to an estimation, by the year 2011, urban areas would contribute about 65% of gross domestic product (GDP). in this topic, let us discuss about basic services required by the urban poor and other critical concerns....
2 insight
, 1 debates
, 8 idea contests
on topic: "Revolutionizing Financial Services in Urban India"
Prev1NextShowing 1 - 9 of 9
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(rate this)
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1
Identifying urban poor entrepreneurs, settling them for finance & Training
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Forming homogenious group and giving loans
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Priya Varadan
| Supported idea
"Forming homogenious group and giving loans"
| 2 years ago
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self help groups is answers as far as I can see. but their too checks and balances need to be established
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Rashmi Chawla
| Supported idea
"Farming Facilities"
| 2 years ago
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I agree with you christian, compared to other facilities we need food to survive. So we should provide then finance for improving their cultivation. That will help them as well the others.
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Rekha G
| Supported idea
"Identifying urban poor entrepreneurs, settling them for finance & Training"
| 2 years ago
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Proper identification of genuine urban poor with the zeal and ethical attitutude to grow, proper training and financing would ultimately help INDIA in the long run.
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Ideate: "What are the financial needs of the urban poor? " deleted from your view.
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(rate this)
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1
Small scale investments
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Insurance On-line is the answer to all renewal of financial services
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Manish Gupta
| Added idea
"Inclusive Banking"
| 2 years ago
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With barely 34 per cent of the population engaged in formal banking, India had the second highest number of households (about 135 million) excluded from banking services (Ref: BS- Nov7,2007) According to a BCG report titled 'The Next Billion...
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Esha Johar
| Supported idea
"Small scale investments"
| 2 years ago
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Well said Sagar, I agree with you. The banks should turn their heads towards the small scale industries, which are showing rapid growth. The government should also come forward to support banks regarding this issue. This will create an impact in...
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Kalgi Shah
| Supported idea
"Small scale investments"
| 2 years ago
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Yes I agree with you that people should be made aware in rural areas as now the world is globalizing...and India is a developing country so it should focus in every sector and area
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Ideate: "How do you see renewal of financial services for urban India?" deleted from your view.
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(rate this)
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1
Urban banks are not willing to provide such facilities...
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Problems in networking...
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NAGARAJAN B
| Added idea
"LACK OF BASIC EDUCTION IN BANKING"
| 2 years ago
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The major obstacles in generating financial inclusion for Urban Poor is lack of understanding of basic rights allowing the touts to take over their interests. Urban Poor is mainly less educated but theyvery well understand Business finance
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chandra shekhar
| Supported idea
"CUSTOMISATION OF SERVICES"
| 2 years ago
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Technology is a great enabler. Only, it should be made to use for us. The RBI has already permitted Banks to introduce Bio-Metric based (i.e. capturing of finger prints and identifying the customer through it ) smart cards in rural india for...
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Amit
| Supported idea
"Urban banks are not willing to provide such facilities..."
| 2 years ago
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this is true that the banks in urban area are not supporting the poor ppl. i have seen that that the peson frm a rich family is using banks very easily and a poor one faces a lots of probs. it is also true that our govt. aslo avoiding this bcoz...
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Ideate: "What are the obstacles in generating financial inclusion for Urban Poor?" deleted from your view.
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(rate this)
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Yes
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2
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VS |
0
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No
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Prakash Khairnar
| Argues in support of
"Yes"
| 2 years ago
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I agree with this report. Mutual fund's growing demand is not surprising. They indeed are far better than Mutual funds and can very easily make us rich. Mutual fund investors have the option of either making lump sum investments or investing...
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Debate: "Urban India choses ULIPs: Do you agree?" deleted from your view.
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(rate this)
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India has around 403 million mobile users of whom, about 46% , or 187 million , don't even have bank accounts. People can do without bank accounts but not mobile phones. Nearly 400 million Indians have bank accounts. That’s less than 40% of the country’s population. About 40% Indians have check-in accounts. 51 out of every 100 Indians had bank accounts in 1993. This has marginally gone up to 54 in 2007. 59% of adult population in India has bank accounts and that there is a large gap between the coverage of banking services in urban and rural pockets. In rural India, the coverage among the adult population is 39% against 60% in urban India. This, of course, doesn’t necessarily mean that 60 o...
Insight: "Financial inclusion in India : Some Key Statistics" deleted from your view.
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(rate this)
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1
INCREASE SUICIDES
2
development by pvt company, & gov. both
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Esha Johar
| Supported idea
"ADOPTION MODEL"
| 2 years ago
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I agree with Ravi, the micro finance model used in rural development is being successful. So we can adopt the same model and make some changes according to the urban wants and needs. This will help to promote microfinance in urban India. By...
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RAVI P
| Added idea
"ADOPTION MODEL"
| 2 years ago
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Yes. as truly said, micro finance will play major role in success of rural development. Farm production has become costly, the small and marginal farmers not able to cope with the repayment system as the yield on production not creating...
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Ideate: "How can we promote microfinance in urban India?" deleted from your view.
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(rate this)
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1
Making sure that open No Frills Accounts are used
2
No problem - just popularise No Frill A/cs.
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ASOKE KUSARI
| Added idea
"No problem - just popularise No Frill A/cs."
| 2 years ago
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There may not be any problem with No Frill A/s. This is all a savings account barring some minor aspects. In Banks one may open this a/c with Rs 50/- or without any money. Requirements of papers for KYC is bare menimum. No minimum balance...
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Swati Raut
| Added idea
"Making sure that open No Frills Accounts are used"
| 2 years ago
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What needs to be done is to come up with a sure-fire to make sure that No Frills Accounts opened, will be used. If No Frills Accounts are used to deliver government assistance, account holders would be more incentivised to use their accounts.
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Ideate: "How can we fix the the problem of "No frill" accounts in banks?" deleted from your view.
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(rate this)
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1
Banks can provide long term loans
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Swati Raut
| Added idea
"Banks can provide long term loans"
| 2 years ago
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To make banks pro-actively engage the BCs in loan services, including recovery, insurance, etc. The banks could also provide long-term loans at priority sector interest rates without collateral (on the basis of projected 5-year balance sheets) to...
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Ideate: "What shall government do to make the BC model viable?" deleted from your view.
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(rate this)
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A hallmark of corporate and/or brand partnership is that they advance both the mission of SICU and the business purpose of the company or brand. They are mutually beneficial relationships that involve the exchange of something of value from each participant to the other and involve clear responsibilities, shared contributions, and shared risk. There is no cookie-cutter approach to partnerships between companies and SICU as a Virtual Organization and Strategic Alliance. They can take a variety of forms and each evolves under different circumstances and with different goals. The following discusses some common kinds of collaborations between businesses and SICU. Please note that these descr...
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Tom Merilahti
| Commented
| 1 year ago
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Dear Ajay, You might be right but my intention is first of all to introduce different types of partnerships, though this one of the core areas SICU is specialized in.
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Ajay Ziz
| Commented
| 1 year ago
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well tom .. this write up is sicu marketing or a job advertisement or an article posted in disguise..
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Insight: "Types of SICU partnerships" deleted from your view.
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One explanation of the same can be that it is not the class divide that is causing the insensitivity but the high pressured urban lifestyle has made us all individuals insensitive to the needs of those around us. I think this is a fascinating......
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