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Mumbai (Maharashtra) [India], August 2 (ANI/PRNewswire): Speaking at the first edition of Lentra Digital Lending Transformation Global Summit 2022 in Mumbai, the former Finance Secretary and RBI Governor, Dr Duvvuri Subbarao emphasized the crucial role of technology-related policy initiatives in building a robust financial ecosystem for effectively catering to the credit needs of our growing economy. "The next revolution in finance will be driven by technology oriented policies, such as the JAM trinity (Jan Dhan Yojana, Aadhaar and Mobile number), digital infrastructure as a public good, interoperability across all sectors, emphasis on consumer protection, and most importantly the closing of the gender gap," said Dr D Subbarao. However, as access to credit still remains a challenge, technology will help widen the reach "The only sustainable way we can get to 5 trillion and beyond is if the bottom 600 billion Indians are part of the process. Microfinance loans that help l ....
Mumbai (Maharashtra) [India], June 1 (ANI): Edelweiss Retail Finance Ltd (ERFL) on Tuesday announced strengthening of its co-lending partnership with Central Bank of India for priority sector lending to micro, small and medium enterprises (MSMEs). ....
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