ISSN NO: 0974-4274(PRINT), ISSN NO: 2582-1148(ONLINE)

  • Enlisted in UGC CARE Group - 1

  • Listed in Ulrich's Periodicals Directory

  • Indexed in J-Gate

  • Licensor for EBSCO

  • Listed in Proquest

  • Included in Google Scholar

  • Accessed in DOAJ

Banking and Financial Inclusion in India – A Need for Innovation

Year 2013
Volume/Issue/Review Month Vol. - VI | Issue I | January
Title Banking and Financial Inclusion in India – A Need for Innovation
Authors N. Santosh Ranganath , Dr.G. Tulasi Rao
Broad area Banking and Financial Inclusion in India – A Need for Innovation
Abstract
In India, the focus of the financial inclusion at present is confined to ensuring a
bare minimum access to a savings bank account without frills to all. Internationally,
financial inclusion has been viewed in a much wider perspective. The recent
financial crisis has shown that financial innovation can have devastating systemic
impact. International standard setters’ and national regulators’ response has
been a global concerted effort to overhaul and tighten financial regulations. The
need was felt for more innovative, cost effective and easily accessible delivery
channel which would take financial services to the nooks and corners of India.
The paper attempts to analyze contribution of Indian banking sector as a whole
under the supervision and guidelines of RBI in implementing the financial
inclusion through ‘No frill accounts’, etc. The objectives of the paper are to study
financial inclusion in banking sector, reasons for low inclusion and role of
technology in banking services and to assess the performance of the banks.
Description Globalization has enabled the rise of global trade leading to wealth generation in developed as well as developing countries. Wealth can be created in any part of the world with a single click of the mouse. Developing nations, like India have immensely be
File
Referenceses
  • Bell, C. (2001): ‘Post-independence India: A Case of
  • Finance-led Industrialisation’, Journal of
  • Development Economics 65, 153-75.
  • Government of India: Economic Survey (various years),
  • Government of India New Delhi.
  • Honohan, P. (2005) Measuring Micro-finance Access:
  • Building on Existing Cross Country Data.
  • Washington: World Bank. (Policy Research
  • Working Paper 3606).
  • King, R.G. and R. Levine (1993): Finance and Growth:
  • Schumpeter might be right, Quarterly Journal of
  • Economics 108, 717-37.
  • Mohan, R. (2006): ‘Agricultural Credit in India: Status,
  • Issues and Future Agenda’, Economic and Political
  • Weekly (March), pp.1013-23.
  • Rajan, R.G. and L. Zingales (1998): ‘Financial
  • Dependence and Growth’, American Economic
  • Review 88, 559-86.
  • Santosh Ranganath N., Tulasi Rao G., (2011), Financial
  • Inclusion In Indian Banking Sector - Emerging
  • Models, The International Research Journal of
  • Science and IT Management, pp. 28-37.
  • Santosh Ranganath N., Tulasi Rao G., (2012), Inclusive
  • Growth in India: A Challenging Tool for Banking and
  • Financial Sector, International Journal of Marketing,
  • Financial Services & Management Research, pp.
  • 42-48.
  • Sharma Anamika, (2009), “Challenges: For Building
  • Financial Inclusive India, ICFAI Reader, pp 14-20.
  • Siva Kumar B., Santosh Ranganath N., (2012), Financial
  • Inclusion in India - The Way Forward, Asia Pacific
  • Journal of Research in Business Management, pp.
  • 71-81.
  • Smt. Usha Thorat, Deputy Governor, Reserve Bank of
  • India, Keynote address on ‘Financial Inclusion and
  • Information Technology’ on 12.09.2008.
  • Sudha V, Kalidas K, Sampath Kumar R, (2009) edited,
  • ‘Financial Inclusion- Aspects, Issues and the Way
  • Forward”, Himalaya Publishing House Thorat Usha
  • , ‘Financial Inclusion- The Indian Experience’, RBI
  • Bulletin , pp 1165-1172.