Bharat ATM to add 20 lakh outlets by 2022-end to offer banking services to rural area
The app offers banking services, including account opening, deposits, remittances and cash withdrawals to rural masses in tie-up with local kirana stores, thereby eliminating the need to invest time and money travelling significant distances to the closest bank branch or ATM, it said.
NBFC-MFIs gross loan portfolio may grow 10-15 pc in FY22: Report"The GLP for NBFC-MFIs in FY22, is expected to return to the growth path and register around 10-15 per cent growth due to a pick-up in disbursements owing to the expected recovery in economic activity, kickstarting of expansion plans that were halted due to the pandemic and increased need for credit among low-income segments," the rating agency said.
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