since may this year, i have been tracking a plan from the department of financial services to split india into 20 clusters, and to appoint a common banking correspondent company for all public sector banks operating in each cluster. it is a textbook case of policy adventurism. the department, a part of the finance ministry, […]
Tag Archives: Common BC Auctions
for a while now, i have been reporting on the never-ending happiness that is the finance ministry’s “one cluster, one BC” model — essentially, to split india into 20 clusters and then to have one common banking correspondent company for all public sector banks operating in each cluster. this company would then be the only […]
close to four months after the finance ministry decided to split the country into 20 clusters and to appoint a common banking correspondent for all public sector banks in each cluster, how are things coming along? the latest update, here.
after a brief hiatus, the reverse auctions to choose common banking correspondents (see innumerable posts below) have resumed. the latest update.
A newly-formed association of banking correspondent (BC) companies has criticised the finance ministry’s ongoing plan to split India into 20 clusters, and to appoint a common BC company for all public sector banks operating in each cluster. In a white paper released on Thursday night, the Business Correspondent Network Managers (BCNM) Forum, a grouping of […]
for some time now, ET has been reporting on a worrying move by the philosopher kings in the department of financial services (the offshoot of the finance ministry tasked with managing the banking sector) to overhaul the banking correspondent (BC) model. well, the auctions to appoint common BCs for all public sector banks in a […]
words fail me. it is now, sigh, 0.11%. that is what a bangalore-based company called strategic outsourcing services has bid to clinch a tender to become the common banking correspondent for all public sector banks in orissa.
the latest update on the finance ministry’s one cluster, one banking correspondent model: FINO has become the BC for chhattisgarh.
about a month ago, i wrote about a controversial plan by the finance ministry to split the country into 20 clusters, and to appoint a common banking correspondent company for all public sector banks in each. to understand the attendant implications, please click here. yesterday, the second tender in this series was awarded. it went […]
it is official. the bidding process to find a common banking correspondent company for all of maharashtra is over. vakrangee has won with a bid so low banking correspondent companies can scarcely believe it. see this, this and this for context. now to see how well this new approach works.
i wrote out another small update for the et website today on how the finance ministry plan to choose one common BC for all public sector banks in maharashtra is coming along.
out today, a small online followup to a story i filed last week — about the finance ministry deciding that India should be split into 20 clusters, and that all public sector banks in each cluster should appoint a common BC for servicing their rural/poor customers.
Today’s Economic Times carries this story about an unexpectedly large change that is sweeping across the Bank-BC model. The Department of Financial Services, the part of the Finance Ministry which looks after the banking sector, has decided to split the country into 20 clusters and get all public sector banks in that region to work […]
M Rajshekhar 