With inflation surging into double digits, the Reserve Bank of India on Tuesday said it may take monetary action to tame the rising prices ahead of the scheduled review of the policy on July 27.
Mumbai-based FINO, a multi-bank promoted company, is engaged in providing financial and non-financial products and services to the unbanked rural and urban population. It has enrolled 6 million customers since its inception in 2006.
Manish Khera, chief executive officer, Fino, tells Shriya Bubna that the smart card technology platform of Fino can help banks cut operational costs by one-third and MFIs, but connectivity remains an issue.
The truth is that few ministries in the Modi sarkar are working on new and updated legislation of any kind.
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