Role and challenge of rural banks in the financial inclusive growth of India

Abstract

Financial inclusion is delivery of banking services at a cheaper cost to the vast sections of under privileged and low income groups. An inclusive financial system can help in reducing the growth of informal sources of credit such as money lenders, which are often found to be exploitative. The performance of the Indian economy is one of the strongest drivers for the banking industry's growth and vice versa. This represents a massive opening that financial institutions in the country can leverage upon for future growth.

A Case Study on the Growth of Rural Banking in India

“…This is due to several factors, including the lack of infrastructure and the lack of qualified personnel. However, recent advances in technology have started to make a difference in rural banking [34]. There are now many mobile apps and online platforms that allow rural bank customers to access their accounts and conduct transactions without having to visit a branch.…”

Customer behaviour on investment in deposit schemes in Kerala: A case study

“…While analyzing the financial statements one should keep in mind the principles and practices that accountant's use in preparing statements to examine the financial condition and preference of a company. 6 Ratio analysis is one of the techniques of financial analysis where ratios are used to evaluate the financial conditions and performance of a firm.…”

Opinion of customers on satisfaction in the selected bank branches in India

“…Transition of Banks from Class banking to Mass Banking and thrust upon profitability in recent period has led them towards customer orientation. 2,[4][5][6][7][8][9][10][11][12][13][14][15] Now, it is the duty of every banker to accept their customer's as "King" to serve in the present era of cut-throat competition. With the advancement of science and technology, world has reduced to a global village.…”