DBU Inauguration PM Narendra Modi Dedicates 75 Digital Banking Units Across 75 Districts to Nation
2 years, 2 months ago

DBU Inauguration PM Narendra Modi Dedicates 75 Digital Banking Units Across 75 Districts to Nation

ABP News  

New Delhi: Prime Minister Narendra Modi on Sunday dedicated to the nation 75 Digital Banking Units in 75 districts across the country. In his address made virtually, the PM said that these digital banking units will further strengthen financial inclusion in the country and will take the banking system to the doorsteps of the poor and the last person in society. He also highlighted the International Monetary Fund's remark on India's digital banking infrastructure saying that credit for the IMF applauding India's digital banking system goes to India's poor, farmers, and workers who "accepted new techniques with rationale and made it a part of their lives." It further stated that DBUs will be brick-and-mortar outlets that will provide a variety of digital banking facilities to people such as opening of savings accounts, balance-check, print passbook, transfer of funds, investment in fixed deposits, loan applications, stop-payment instructions for cheques issued, apply for credit/debit cards, view statement of account, pay taxes, pay bills, make nominations, etc.

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History of this topic

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more
9 months, 1 week ago

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more

Live Mint  

RBI Celebrates 90 Years: Prime Minister Narendra Modi on April 1 praised the widespread adoption of UPI and stressed the importance of the Reserve Bank of India focusing on promoting digital transactions and financial inclusion over the next decade. Governor Shaktikanta Das, in his opening statement, emphasised the RBI's ongoing efforts to bolster the resilience of India's financial sector by …

RBI 90 years ceremony | PM Modi calls for greater economic self-reliance, making rupee more acceptable, accessible globally
9 months, 1 week ago

RBI 90 years ceremony | PM Modi calls for greater economic self-reliance, making rupee more acceptable, accessible globally

The Hindu  

Prime Minister Narendra Modi on April 1 said India needs to increase its economic self-reliance in the next 10 years to mitigate the impact of global crises, and make rupee more accessible and acceptable throughout the world. Noting the achievement of the RBI in infusing rule-based discipline and fiscally prudent policies in the banking sector, the Prime Minister asked for …

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it
1 year, 4 months ago

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it

India TV News  

The World Bank stated that India's digital public infrastructure has had a profound impact that goes well beyond financial inclusion. The World Bank's praises come as India has developed some of the best digital public goods infrastructure, which has the potential to transform lives all across the world. World Bank document hails Indian govt's policy The World Bank document, prepared …

Digital SETU bridging the India-Bharat gap
1 year, 10 months ago

Digital SETU bridging the India-Bharat gap

Hindustan Times  

In Ramayana, Ram built the Ram Setu — a bridge to reach Lanka and rescue Sita from Ravana. India today is laying another bridge, the Digital SETU, which employs advanced-yet-affordable technology to bridge the gap between India and Bharat. At the end of 2022, UPI transactions reached more than four times the collective digital transactions of four big economies, the …

Digital transactions to soon exceed cash in India: PM Modi
1 year, 10 months ago

Digital transactions to soon exceed cash in India: PM Modi

Deccan Chronicle  

New Delhi: As people take to India’s real-time payment mechanism, the Unified Payments Interface, Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash payments in the country. Besides, the linkage will also help migrant workers, professionals, students and their families as well," Mr Modi said, while launching the service at a virtual event through …

PM Modi inaugurates 75 Digital Banking Units in as many districts across nation
2 years, 2 months ago

PM Modi inaugurates 75 Digital Banking Units in as many districts across nation

India TV News  

Digital Banking Units: Prime Minister Narendra Modi on Monday, October 24, dedicated 75 Digital Banking Units in as many districts across the country to mark and celebrate India's 75th anniversary of independence. These include wide range of services such as - fund transfers, account opening, fixed deposit and recurring deposit opening, digital loan availment, passbook printing, balance inquiries, and cash …

India poised for digital revolution: Kishan Reddy
2 years, 2 months ago

India poised for digital revolution: Kishan Reddy

Deccan Chronicle  

WARANGAL: The BJP government at the Centre has brought revolutionary changes in the banking sector. In the past banks were useful only for the rich but now even the poor are using them for their day to day activities, said Union minister G. Kishan Reddy. He was participating in a video conference in Jangaon district in which Prime Minister Narendra …

Banking sector becomes medium of good governance, better service delivery, says PM Modi – Firstpost
2 years, 2 months ago

Banking sector becomes medium of good governance, better service delivery, says PM Modi – Firstpost

Firstpost  

With an aim to promote financial inclusion, Prime Minister Narendra Modi on Sunday dedicated 75 Digital Banking Units to the nation New Delhi: Emphasizing India’s strides towards financial inclusion and digital economy, Prime Minister Narendra Modi on Sunday said the banking sector has become a vehicle for good governance and better service delivery in the country. With an aim to …

Shift from phone banking to digital banking put India on sustained growth path: PM
2 years, 2 months ago

Shift from phone banking to digital banking put India on sustained growth path: PM

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. The economic progress of a country is directly linked to the strength of its banking system, he said after dedicating 75 Digital Banking Units to the nation. The banking sector has become …

PM Modi dedicates 75 digital banking units to the nation: A lowdown
2 years, 2 months ago

PM Modi dedicates 75 digital banking units to the nation: A lowdown

Hindustan Times  

Prime Minister Narendra Modi on Sunday dedicated 75 Digital Banking Units to the nation via video conferencing. Speaking at the event, PM Modi said that the Digital Banking Units are one more significant step in the ongoing campaign to simplify the lives of common people. Prime Minister Narendra Modi at the launch of 75 Digital Banking Units. Functions of DBUs …

PM Modi dedicates 75 digital banking units to the nation
2 years, 2 months ago

PM Modi dedicates 75 digital banking units to the nation

Live Mint  

PM Modi on 16 October dedicated 75 Digital Banking Units across 75 districts with an aim to promote financial inclusion. PM in his address said, “As our country witnesses the success of another digital milestone today, I congratulate the collective efforts of our countrymen.” "This Digital Banking Units will empower digital services and provide a robust digital banking infrastructure for …

India's banking sector becomes medium of good governance, better service delivery: PM Modi at DBUs launch
2 years, 2 months ago

India's banking sector becomes medium of good governance, better service delivery: PM Modi at DBUs launch

India TV News  

Highlights PM Narendra Modi said banking sector has become vehicle for good governance PM today dedicated 75 Digital Banking Units to the nation via video conferencing Finance Minister Nirmala Sitharaman, RBI Guv Shaktikanta Das also attended the launching ceremony Digital Banking Units: Emphasizing India's strides towards financial inclusion and digital economy, Prime Minister Narendra Modi on Sunday said the banking …

PM Modi inaugurates 75 'digital banking units' across 75 districts
2 years, 2 months ago

PM Modi inaugurates 75 'digital banking units' across 75 districts

India TV News  

Highlights PM Narendra Modi dedicated 2 digital banking units of Jammu and Kashmir Bank to the nation PM also inaugurated 75 DBUs of different banks across the country PM Narendra Modi also addressed the nation on the occasion Digital banking units inauguration: Prime Minister Narendra Modi dedicated two digital banking units of Jammu and Kashmir Bank to the nation on …

How Digital Banking Units will boost India’s digital economy. Experts weigh in
2 years, 8 months ago

How Digital Banking Units will boost India’s digital economy. Experts weigh in

Live Mint  

The Reserve Bank of India has issued guidelines for the establishment of Digital Banking Units. Hence banks need to be compliant and create a separate reporting to meet the RBI targets so that Digital Businesses cross the bar of, say, “50%”, said Nitin Misra, Co-founder, indiagold He added that this will also prompt the launch of new products or services …

RBI unveils guidelines for digital banking units. Here’s 10 key points
2 years, 9 months ago

RBI unveils guidelines for digital banking units. Here’s 10 key points

Live Mint  

The Reserve Bank of India on Thursday released the guidelines on the “Establishment of Digital Banking Units ”. DBUs are specialised fixed point business unit / hub housing certain minimum digital infrastructure for delivering digital banking products & services as well as servicing existing financial products & services digitally, in both self-service and assisted mode, to enable customers to have …

India’s digital economy to see exponential growth to $800 bn by 2030: FM
2 years, 9 months ago

India’s digital economy to see exponential growth to $800 bn by 2030: FM

Live Mint  

India's digital economy is expected to witness exponential growth to $800 billion by 2030 on the back of rising internet penetration and increasing income, Finance Minister Nirmala Sitharaman said on Friday. "They may function from one place but they may serve any number of districts but we are also targeting 75 districts to be covered and I guess the DPU …

PM Modi talks of India's ‘bouquet of hope’ at World Economic Forum
2 years, 11 months ago

PM Modi talks of India's ‘bouquet of hope’ at World Economic Forum

Hindustan Times  

Prime Minister Narendra Modi on Monday virtually addressed the World Economic Forum, Davos Agenda, wherein he spoke about the country's bouquet of hope. Prime Minister Narendra Modi addressing at the World Economic Forum's Davos Agenda via video conferencing, in New Delhi on Monday. “Though India constitutes 70 per cent of the global population that takes up power commission of only …

PM Modi exhorts banks to support wealth, job creators; increase country's balance sheet
3 years, 1 month ago

PM Modi exhorts banks to support wealth, job creators; increase country's balance sheet

India TV News  

Prime Minister Narendra Modi on Thursday exhorted banks to support wealth and job creators, and work proactively to improve the country's balance sheet. Addressing bankers at the symposium to Build Synergy for Seamless Credit Flow and Economic Growth, Modi said banks have to now adopt a partnership model to help businesses thrive and move away from the idea of being …

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