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Deposits in Jan Dhan accounts set to cross Rs 90,000 crore

Sunday, February 10, 2019, 1:01 PM

Total deposits in Jan Dhan accounts are set to cross Rs 90,000 crore with government making the flagship financial inclusion programme more attractive especially by doubling accident insurance cover to Rs 2 lakh. According to data from the finance ministry, the deposits, which have been steadily rising since March 2017, have already reached Rs 89,257.57 crore as on January 30, and are steadily rising.
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RBI sets up panel under Nandan Nilekani to boost digital payments

Tuesday, January 8, 2019, 7:27 PM

The Reserve Bank of India Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. The five-member panel on deepening of digital payments has been constituted with a view to encourage digitisation of payments and enhance financial inclusion through digitisation, the RBI said in a statement.
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India's fintech companies struggle for an alternative to Aadhaar

Friday, December 21, 2018, 9:49 AM

Imagine driving steadily on a hilly road and suddenly having to brake hard as a landslide blocks the path ahead, leaving the journey incomplete and the destination elusive. This gives a sense of the state Indias financial technology or fintech industry found itself in after the Supreme Court's Aadhaar judgement. The apex court's September 26 ruling barred private companies from accessing the biometric database.

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