Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/20788
DC FieldValueLanguage
dc.contributor.advisorSriram, M S
dc.contributor.authorUtkarsh
dc.contributor.authorFargose, Valentine
dc.date.accessioned2021-11-15T12:03:36Z-
dc.date.available2021-11-15T12:03:36Z-
dc.date.issued2016
dc.identifier.urihttps://repository.iimb.ac.in/handle/2074/20788-
dc.description.abstractFinance is an essential component for the development of an economy. A well-developed financial system lays the foundation for sustainable growth. In a developing country like India, bringing the masses into the envelope of financial stability is essential as it is a key step in the development of the society both in terms of human development indices like education and health as well as economic growth. Let us take a look at the scenario in India currently. As of 2015, we have a bank branch network of 1,25,857 in the country.i At the same time, India is home to a startling 21% of the world’s unbanked population.ii Only 14% of our country’s population use financial institutions as a means for savings.iii To deliver 1 rupee worth of food, the government spends Rs. 3.65. 57% of this doesn’t even reach the end beneficiaries.iv These figures bring forth one key question. Is our present financial system catering to only certain sections of the society? In a country of 1.2 billion people, are there segments of the society that are being completely neglected? Is our system of subsidies and inclusiveness flawed? What happens to the money spent on various initiatives for the betterment of the society? These questions have serious implications. Financial access to the lower income strata of the society at an affordable cost is a prerequisite for poverty reduction and social cohesion. It is a key step for progress and growth.
dc.publisherIndian Institute of Management Bangalore
dc.relation.ispartofseriesPGP_CCS_P16_224
dc.subjectBanking
dc.subjectPayment bank
dc.subjectOnline banking
dc.subjectOnline payment
dc.subjectSWOT analysis
dc.titleExpanding the scope of India post payment bank
dc.typeCCS Project Report-PGP
dc.pages30p.
Appears in Collections:2016
Files in This Item:
File SizeFormat 
PGP_CCS_P16_224.pdf1.39 MBAdobe PDFView/Open    Request a copy
Show simple item record

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.