http://www.nextbillion.net/newsroom/2008/05/06/banks-yet-to-reach-bottom-of-wealth-pyramid Comments for "Banks Yet to Reach Bottom of Wealth Pyramid" en http://www.nextbillion.net/newsroom/2008/05/06/banks-yet-to-reach-bottom-of-wealth-pyramid <div class="flexinode-body flexinode-4"><span class="flexinode-timestamp-13"> April 16, 2008 - 10:00, </span> <span class="flexinode-textfield-14"> The Economic Times</span> <div class="flexinode-textfield-15"> Banks Yet to Reach Bottom of Wealth Pyramid</div><br> <div class="form-item"> <label>Story Link:</label> <a href="http://economictimes.indiatimes.com/Money__Banking/Banks_yet_to_reach_bottom_of_the_wealth_pyramid/articleshow/2954924.cms">http://economictimes.indiatimes.com/Money__Banking/Banks_yet_to_reach_bottom_of_the_wealth_pyramid/articleshow/2954924.cms</a> </div> <div class="flexinode--41"> <strong>Teaser: </strong><br /> <strong>By Preeti R Iyer &amp; Aniruddha Ghosh</strong><br /><br />For all the noise that it has generated, usage of technology to achieve financial inclusion is still far from what is being desired. <br /><br />Lenders such as Citi and GE Money have withdrawn from advancing small-ticket <a id="KonaLink0" href="http://economictimes.indiatimes.com/Money__Banking/Banks_yet_to_reach_bottom_of_the_wealth_pyramid/articleshow/2954924.cms#" target="_new" onclick="adlinkMouseClick(event,this,0);" onmouseover="adlinkMouseOver(event,this,0);" onmouseout="adlinkMouseOut(event,this,0);">personal loans</a>. Other banks are also going slow on such products, given the absence of contract enforcement and difficulty in following know-your-customer procedures. <br class="clear" /></div> <div class="flexinode-textarea-6"> <strong>By Preeti R Iyer &amp; Aniruddha Ghosh<br /><br /></strong>For all the noise that it has generated, usage of technology to achieve financial inclusion is still far from what is being desired. <br /><br />Lenders such as Citi and GE Money have withdrawn from advancing small-ticket <a id="KonaLink0" href="http://economictimes.indiatimes.com/Money__Banking/Banks_yet_to_reach_bottom_of_the_wealth_pyramid/articleshow/2954924.cms#" target="_new" onclick="adlinkMouseClick(event,this,0);" onmouseover="adlinkMouseOver(event,this,0);" onmouseout="adlinkMouseOut(event,this,0);"><u><font color="#0000ff">personal loans</font></u></a>. Other banks are also going slow on such products, given the absence of contract enforcement and difficulty in following know-your-customer procedures. <br class="clear" /></div> </div> http://www.nextbillion.net/newsroom/2008/05/06/banks-yet-to-reach-bottom-of-wealth-pyramid#comment Financial Services South Asia Tue, 06 May 2008 10:22:45 -0500 Francisco Noguera 5510 at http://www.nextbillion.net