India fuelling global growth in access to banking: WB
21 April, 2018, 05:30 | Author: Heidi Alvarez
It said at 80 per cent coverage, it was comparable to the number of adults in China who have an account.
The report also notes the reduced gender gap in ownership by 6 per cent compared to 2014, with 83 per cent men and 77 per cent women now having an account.
The report acknowledges impact of government policy in reducing gaps in bank account ownership between rich and poor to 5 percent in 2017, down from 15 percent in 2014, he added.
The number of people around the world with bank accounts has increased by 7 percent from 2014 to 2017, reaching 69 percent of all adults, driven by the proliferation of cell phones and biometrics, according to new research from the World Bank.
The share of account owners with an inactive account varies across economies, but it is especially high in many South-Asian economies, but India has the highest percentage of such accounts, it said.
Almost 19 crore Indian adults do not have bank accounts, making the country the second-largest in terms of unbanked population, according to a PTI report quoting World Bank data.
The problem that India faces most in providing financial services to all is penetration, there are certain areas where banking operations are still low, leaving a large pool of people without accounts. Specifically, paying government wages, pensions, and social benefits directly into accounts could bring formal financial services to up to 100 million more adults globally, including 95 million in developing economies.
Trump Endorses Blackburn For US Senate
He said the Republican Party under Trump has abandoned what had been one of its hallmarks, lowering the deficit. Friday, there were more eye-opening comments about President Trump , Marsha Blackburn, and Phil Bredesen.
Anheuser-Busch InBev (BUD) Declares Semiannual Dividend of $2.48
Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Anheuser-Busch InBev by 39.4% during the fourth quarter.
UBS Begins Coverage on Steel Dynamics (STLD)
Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant). BidaskClub upgraded Steel Dynamics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 6th.
Among men and among adults in the wealthiest 60% of households, it increased by about 20 percentage points, the report said.
Digital technology could take advantage of existing cash transactions to bring people into the financial system, the report finds.
Says Melinda Gates: We already know a lot about how to make sure women have equal access to financial services that can change their lives. "When the government deposits social welfare payments or other subsidies directly into women's digital bank accounts, the impact is unbelievable". Globally, roughly 230 million unbanked adults work for businesses and get paid in cash - and 78% of these people own a mobile phone. "Women gain decision-making power in their homes, and with more financial tools at their disposal they invest in their families' prosperity and help drive broad economic growth".
According to the latest Global Findex Database released by the World Bank on the sidelines of the annual Spring meeting of the International Monetary Fund and the World Bank, 11 per cent of the worlds unbanked adults are in India.
There has been a significant increase in the use of mobile phones and the internet to conduct financial transactions. The database has been published every three years since 2011. Expanding the use of digital payments could dramatically improve efficiency for both utility providers and their customers.
Global Findex data are used to track progress toward the U.N.'s Sustainable Development Goals, as well as the World Bank's goal of Universal Financial Access by 2020.
CFM said in a statement that the CFM56-7B has had "an outstanding safety and reliability record" since its debut in 1997. The plane tilted 41 degrees into a left turn, which is about twice as steep as a typical airline turn, Sumwalt said.
It stated that if Foles was still on the Eagles's roster in February 2019 he would automatically hit free agency. Meanwhile, the 29-year-old Foles expressed a desire to be starter again in the National Football League someday.
It improved, as 23 investors sold SFLY shares while 54 reduced holdings. 25 funds opened positions while 79 raised stakes. Also, the Hold rating count is 1, as of 4/19/18. 100,000 were accumulated by Pacific Heights Asset Management Llc.
In Trump's view, says O'Brien, Cohen's work simply isn't up to the standard set by Cohn, whom Trump counted as a mentor. Cohen, who has denied there was ever an affair, said he paid the money out of his pocket using a home equity loan.
Prosecutors say she helped recruit sex slaves for leader Keith Raniere and his cult-like organization called NXIVM (NEX'-ee-um). Mack and Raniere were both charged with sex trafficking, sex trafficking conspiracy and forced labor conspiracy.
Kevin Durant (ankle) said he's "good" from his ankle issue on Thursday night, and he will play on Sunday. Warriors' point guard Stephen Curry will begin modified team practices Saturday, the team announced .
Moreover, Cobblestone Capital Advsrs Limited Co New York has 0.03% invested in Colgate-Palmolive Company (NYSE:CL). (NASDAQ:ABMD). Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant).
Parallax Volatility Advisers Ltd Partnership stated it has 0% in Maxim Integrated Products, Inc . (NASDAQ:MCRI) for 4,900 shares. The institutional investors in our database now own: 246.50 million shares, down from 250.01 million shares in 2017Q3.
The season kicks off Sunday, Sept. 9 with a home game against former Pats assistant coach Bill O'Brien and the Houston Texans . This is good news for Miami who will see more 1:00 p.m. kick-offs forcing teams to play in the humidity of South Florida.
CNN reports that Washington Post and New York Times ads were found on far-right conspiracy YouTube channels connected to InfoWars. But after that incident and others like it, advertisers returned to the platform.
Justice Deptartment investigating AT&T, Verizon
Complaints were filed with the Department of Justice several months ago, prompting the investigation, the sources told NYT. Verizon , which is based in NY , derided the accusations on the issue as "much ado about nothing" in its statement.
Rajinikanth's 'Kaala' to release worldwide on June 7
Touted to be a gangster drama, Rajinikanth is reportedly playing a gangster named " Kaala " who is based in Mumbai. The makers of Rajinikanth's Kaala recently released the new poster of the film revealing the new release date.
Genworth Financial, Inc. (GNW)
The PE ratio of 3.78 helps investors explore how much they should pay for a stock based on its current earnings. (NYSE: GNW ). Taconic Capital Advisors Lp increased Genworth Finl Inc ( GNW ) stake by 90% reported in 2017Q4 SEC filing.
Rockford family of 16 welcomes 14th boy
A MI family with 13 sons added another one on Wednesday, possibly ending the chances of ever adding a girl to the mix. Jay and Kateri Schwandt announced Wednesday that they have added a new bundle of joy to their already large brood.