Indicus Centre for Financial Inclusion

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Financial Inclusion- News and Views - June 2013

 

June 2013

 

Though financial inclusion is targeted at the poor, very little is understood about their financial lives. This month the lead pieces are from MicroSave highlighting the inherent thought process in financial decision making and management by the poor, these can help design appropriate products and services: a) a paper by Akhand Tiwari, Akhilesh Singh, Mukul Singh, Nitish Narain and Ritika Srivastava that identifies the information sources used in the rural poor's financial decision making process, that ultimately determine the adoption of financial products and services and b) analysis from Ignacio Mas and Premasis Mukherjee's creative research project Metamon that brings out how the poor manage their resources and day to day finances.

 
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Lead Stories

 

Role of Information Sources in Financial Capability

Akhand Tiwari, Akhilesh Singh, Mukul Singh, Nitish Narain and Ritika Srivastava discuss the various formal and informal information sources on service providers, financial products and services. This paper provides insightful advice for financial service providers on spreading awareness and then convincing customers to try new products.

Searching for Metaphors of Household Financial Management

The Metamon (money management metaphor) project aims at understanding the thought process behind day to day financial management. This paper by Ignacio Mas and Premasis Mukherjee brings out insights on how ordinary people manage their monetary and non monetary resources given all the constraints and available information.

Section I: Policy - the latest from India's policymakers

Perspectives on Banking in India

Shree Deepak Mohanty, Executive Director, RBI, May 18, 2013.

Child and Youth Finance in India

Dr. Deepali Pant Joshi, Executive Director, RBI, May 8, 2013

Indian Rural Banking Sector: Big Challenges and the Road Ahead

Dr. Deepali Pant Joshi, Executive Director, RBI, May 6, 2013

Section II: News and Views Digest - the latest from India and abroad
India

RBI allows banks to front-load rural foray

Indian banks : Lenders of the last resort

Western Union looking to grow prepaid card biz in rural areas

RBI distressed by rising number of illegal schemes: Subbarao

Nabard suggests three-way joint venture for women's bank

Crisil in pact to promote financial awareness among rural poor

In villages, credit is still all about moneylenders

Finance ministry opposes India Post's banking licence plan AND Why India Post should get a banking licence

New bank licences to come under new RBI Governor

Lead Bank Scheme to cover metros to ensure smooth delivery of cash transfer benefits

Seven take-aways for common-man from RBI's monetary statement

Now a Shariah Index for financial inclusion of Indian Muslims

International

How an iPad in a corner store can spell success in Mexico

Financial Inclusion 2020 Demonstrates Unprecedented Global Collaboration of Leading Companies, NGOs, Policymakers and Regulators

Channelling cash:Migrants' money could be put to better use

Building An Enabling and Protective Policy Environment

Consumer Lending and Financial Inclusion in Latin America

Islamic Microfinance in Pakistan: The Experience so Far

Access to basic bank accounts is positive for financial inclusion but should not come at the detriment of proximity and decentralized networks like cooperative banks

Section III: Research - surveys and studies on expanding access to financial services

Breaking Free from the Myths of Financial Education

Akhand Tiwari, Akhilesh Singh, Krishna Thacker and Nitish Narain, MicroSave Briefing Note 141, May 30, 2013

Can Money Buy You Happiness?

Rosalind Piggot, Alpina Jos, Mukul Kumar Singh, Sonal Agrawal and Jaspreet Singh, MicroSave, May 22, 2013

How the Poor Manage their Finances: A Study of the Portfolio Choices of Poor Households in Ernakulam District, Kerala

Research Project, RBI, May 17, 2013

Advancing Financial Inclusion to Improve the Lives of the Poor

CGAP, May 15, 2013

Persistence of Informal Credit in Rural India: Evidence from 'All-India Debt and Investment Survey' and Beyond

Narayan Chandra Pradhan, Assistant Adviser, Department of Economic and Policy Research (DEPR), RBI, May 9, 2013

Segmentation of Smallholder Households: Meeting the Range of Financial Needs in Agricultural Families

Robert Peck Christen and Jamie Anderson, CGAP Focus Note 85, May 7, 2013

Musings on Money-the what and why of the billions

MicroSave in collaboration with Ignacio Mas, May 1, 2013

Advancing Financial Inclusion through Use of Market Archetypes

Xavier Faz and Ted Moser, CGAP Focus Note 86, April 2013

 

Research

Evolving Regulatory Trends with Non-bank Entities

Policy Brief April, 2013

Toward Digital Financial Inclusion - The Way Forward

Policy Brief February, 2013

In the media

Sumita Kale: Banks need to follow a 'listen to the customer' model

The Financial Express, June 4, 2013

Blog

Account in the Cloud: Guest Post by Probir Roy

Exploiting the poor- do they have a choice?

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The monthly newsletter from the Indicus Centre for Financial Inclusion documents the latest news and views in the financial inclusion space, to provide a knowledge base that will help build understanding around how to accelerate the poor's access to high-quality financial services.

 
 

Editor: Sumita Kale can be contacted at icfi@indicus.net

The Indicus Centre for Financial Inclusion was launched in 2011 to distil and disseminate information on accelerating the poor's access to high-quality financial services. The Centre is supported by the Bill & Melinda Gates Foundation. http://www.indicus.net/icfi

© Indicus Centre for Financial Inclusion. All rights reserved. 31st May 2013.