innovationinbanking

          An introduction of Mudra Loans is available at the following links: 01)   MUDRA website 02) MUDRA FAQs 03) Collections Business potential 04) NDTV           An introduction of Bharat Bill Pay is available at the following links: a)      The Hindu b)     NPCI December 2014 eNewletter c)      NPCI August 2015 eNewsletter           This article highlights the pains in collecting the Mudra Loan instalments.           Times of India           Quote           In addition, banks are devising flexible repayment mechanism with instalments that can be paid on a weekly basis at some of the banks. "From a collection point o...

          Check out my video @ https://youtu.be/mtJ0r_BzbtY           The slogan of Bank of Maharashtra is ‘Ek Parivaar Ek Bank’.           The launch of Mudra Card was one of the main attractions on the occasion of Bank’s 81 st Foundation Day celebrations.           Mudra card issued as a Rupay debit card is hassle free flexible credit product that meets working capital needs of micro and small entrepreneurs.           The bank was founded by a group of visionaries led by the late V. G. Kale and the late D. K. Sathe and registered as a banking company on 16 September 1935 at Pune.            Bank of Maharashtra has brought an educative booklet focussed on children entitled BachatKiKahani . ...

          Government of India is making all efforts to migrate cash transactions to Safe eTransactions. The ‘Draft Proposals For Facilitating Electronic Transactions’ invites suggestions from general public to increase the number of Safe eTransactions in our country.           In this respect, the proposal of Mudra Bank to issue  ATM Cards to enable Loan beneficiaries to withdraw loan amount through cash is a retrograde step. Quote 8        (i)       MUDRA Card -         Going forward, MUDRA would look at improving the offerings basket by looking at innovative ideas like a pre-loaded MUDRA Card, say with an assessed value. -         The credit limit available on MUDRA Card could be 20% of the loan limit sanctioned to the enterpris...