Making It Easier to Apply for a Bank Account: A Study of the Indian Market

Demirgüç-Kunt, Aslı; Klapper, Leora; Ansar, Saniya; Jagati, Aditya

doi:10.1596/1813-9450-8205

Cited by 71 publications

(6 citation statements)

References 11 publications

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“…Turning to control variables the positive and statistically significant income coefficient suggests that higher per capita incomes may enhance financial inclusion which is consistent with Gebrehiwot and Makina (2019) and Demirgüç -Kunt et al (2017). Estimation results also reveals that people staying in urban regions have higher account(s) ownership compared to those residing in rural areas.…”

Section: Empirical Findings and Discussionsupporting

confidence: 80%

Does the Quality of Institutions Matter for Financial Inclusion? Cross Country Evidence

Muriu¹

2021

IJEF

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Despite evidence on the importance of financial inclusion, little is known about the role of institutions in fostering inclusion partly because of data availability. Using annual data corresponding to 120 countries for the period 2004-2019, this study investigates country institutional characteristics associated with the ownership of deposit accounts. A standard regression model is estimated using fixed effects panel data techniques along with financial inclusion proxy and three measures of institutional quality. This paper provides the first empirical justification that financial inclusion is non-negligibly driven by the institutional context. Specifically, rule of law and quality of regulations are crucial in enhancing financial inclusiveness, more so in Africa where they have a stronger effect relative to other regions. Banks and depositors in Africa may be operating in an environment characterized by weak legal systems and excessive or challenging regulations. The evidence presented in this paper may therefore help with the sequencing of institutional reforms that could promote financial inclusion.

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Section: Empirical Findings and Discussionsupporting

confidence: 80%

Does the Quality of Institutions Matter for Financial Inclusion? Cross Country Evidence

Muriu¹

2021

IJEF

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“…For more details on this please refer to policy research working paper 8,205 of the Development Research Group, World Bank Group byDemirguc-Kunt et al (2017).…”

mentioning

confidence: 99%

Financial inclusion determinants and impediments in India: insights from the global financial inclusion index

Dar

Ahmed

2020

JFEP

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Purpose The purpose of this paper is to understand the determinants of financial inclusion and the determinants of barriers to financial inclusion in India. Also, the purpose is to ascertain the determinants of informal financial activities in India. Design/methodology/approach The data have been collected from the Global Findex Database (Findex) 2017. Various measures of financial inclusion, namely, ownership formal accounts, use of accounts for saving and borrowing, ownership and use of the debit card are used. The independent variables used are: age, income, education and gender. Given the binary nature of dependent variables, this paper uses the Probit model to draw the inferences. Findings The results show that gender, age, education and income have a significant impact on the various measures of financial inclusion. Additionally, these factors have a significant impact on the informal saving and borrowing. Research limitations/implications The given study uses the deferent measures of financial inclusion. An index of financial inclusion created using all the financial inclusion measures would be a better indicator of financial inclusion. Practical implications The results of this study would be useful for policymakers to identify the determinants and barriers of financial inclusion in India. The results show that policymakers should focus on the female population, in particular, and education and income enhancing measures, in general, to make financial inclusion more inclusive. Originality/value The study is the first of its kind to analyze financial inclusion in India using the Findex. Unlike previous studies, variables such as education and income are constructed more pragmatically. In particular, the study tries to understand the socio-economic determinants of financial inclusion measured as ownership of formal accounts, formal saving, formal credit, ownership of debit cards and use of debit cards. The study also analyzes the determinants of barriers to financial inclusion, savings (formal and informal) and borrowing (formal and informal).

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“…(2019). Instead of adopting the absolute values from the Global Findex Survey data from Demirgüç-Kunt et al. (2017), we decide to transform the proxies into dummy variables following (Azevedo et al.…”

Section: Methodsmentioning

confidence: 99%

Financial inclusion – does digital financial literacy matter for women entrepreneurs?

Hasan

Ashfaq

Parveen

et al. 2022

IJSE

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PurposeWomen's financial inclusion has become a global research agenda, and past studies provide mixed evidence on the determinants of financial inclusion among women entrepreneurs across the globe. However, the impact of digital financial literacy on women's financial inclusion has seldom been addressed in the past literature.Design/methodology/approachThe authors perform a cross-sectional analysis of 144 countries using the World Bank Global Findex Database.FindingsThis study’s probabilistic regression results indicate that women entrepreneurs with a higher degree of digital financial literacy are more likely to engage in formal banking channels.Practical implicationsThe study findings have practical implications in terms of allowing regulators and banks to draw effective policies to attract women customers. Lack of effective regulatory intervention could lead to women exploring financial crimes, such as money laundering, due to their lack of involvement with the formal banking channel.Originality/valueThe authors explore the impact of digital financial literacy on women's financial inclusion. Such evidence is rare in the existing literature.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-04-2022-0277

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Making It Easier to Apply for a Bank Account: A Study of the Indian Market

Cited by 71 publications

References 11 publications

Does the Quality of Institutions Matter for Financial Inclusion? Cross Country Evidence

Does the Quality of Institutions Matter for Financial Inclusion? Cross Country Evidence

Financial inclusion determinants and impediments in India: insights from the global financial inclusion index

Financial inclusion – does digital financial literacy matter for women entrepreneurs?

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