Union Bank of India, the country’s fifth largest public sector bank, in collaboration with Reserve Bank Innovation Hub (RBIH), simplified the annual submission of Form 15G & H for its customers by enabling online submission via the Bank’s WhatsApp channel, Union Virtual Connect (UVConn). Union Bank of India customers can avail banking services in 7 different […]
Digitalisation of KCC is a fintech initiative of the bank in collaboration with Reserve Bank Innovation Hub (RBIH) under guidance of the RBI, aimed at overcoming the challenges faced by farmers like in-person visit to a bank branch, submission of land ownership and other documents, and high turn -around time in getting the KCC.
UBI digitises Kisan Credit Card Read More »
Rajesh Bansal, CEO, Reserve Bank Innovation Hub spoke exclusively to WION’s Molly Gambhir on the future of fintech. Watch this video to know more.
‘We have built the world’s best payment and ID rails’, says Rajesh Bansal, CEO at RBIH Read More »
Private sector lender Federal Bank has teamed up with Reserve Bank Innovation Hub, a subsidiary of the central bank, as scale up partner for the second phase of Swanari TechSprint programme. The programme is aimed at advancing digital financial inclusion for women in India and to create digital solutions for bridging the gender gap. Reserve
Federal Bank, RBIH partner to advance digital financial inclusion for women Read More »
The ‘wow’ experience is missing from financial services apps in India and the BFSI sector should focus on providing a Spotify-type experience to users, said the top RBI Innovation Hub official. Banks apps are cluttered. The wow experience is largely missing. We have found apps in Brazil and Africa having the experience,” Rajesh Bansal,
Banking apps should understand users like a Spotify list does: RBI Innovation Hub Read More »
Over the last thirty years, India has seen strong economic growth. In the last decade, the country has also witnessed rapid advancement and adoption of mobile technology at low data usage cost. However, there remain large sections of the population as well as micro and small businesses that have limited access to essential financial services
Rural finance encompasses a range of financial services offered to rural customers, including farmers, at all income levels. In a country like India, rural credit is closely related to inclusive economic growth, as it caters to the requirements of agriculture and allied activities, ancillary industries, small businesses, etc. At present, the process for getting such
Axis Bank, India’s third-largest private sector bank, today announced its association with Reserve Bank Innovation Hub (RBIH) for Swanari TechSprint initiative that aims at advancing digital financial inclusion for women across the nation. Reserve Bank Innovation Hub will host Swanari (स्व-नारी) TechSprint from 18th – 22nd April 2022 to create and produce smart, creative, and
At FE Modern BFSI Summit, Rajesh Bansal shared his perspective from the vantage point of an organisation that was set up to promote and facilitate an environment that accelerates innovation across the financial sector. “Customers have to be at the centre of innovation,” he says. For this, he suggests a three-pronged approach – being demand-driven,
The FE Modern BFSI Summit: RBIH CEO on customer-centricity for fruitful innovations Read More »
Written by Rajesh Bansal and Somya Singh India’s push for public digital infrastructure began in 2010 with Aadhaar. Over the past 12 years, the DNA of the Indian financial system has seen a drastic change. With fintech and big tech competing with banks across markets, digitization has also enabled customization in financial services.
Innovations for an inclusive financial system Read More »
The Reserve Bank Innovation Hub is a wholly owned subsidiary of the Reserve Bank of India (RBI) set-up to promote and facilitate an environment that accelerates innovation across the financial sector.
The Reserve Bank Innovation Hub is a wholly owned subsidiary of the Reserve Bank of India (RBI) set-up to promote and facilitate an environment that accelerates innovation across the financial sector.