Deepening Financial Inclusion Beyond Account Opening: Road Ahead for Banks

  title={Deepening Financial Inclusion Beyond Account Opening: Road Ahead for Banks},
  author={K. Ranjani and V. Bapat},
  journal={Business Perspectives and Research},
  pages={52 - 65}
Though access to bank accounts has increased owing to several positive initiatives by the Reserve Bank of India (RBI) and banks, the bank account penetration rate in India continues to be around 48 percent, as against a rate of close to 100 percent in several developed nations like Germany. This article seeks to answer the question as to whether people who have bank accounts along with access to other sources of credit use bank accounts effectively and whether holding bank accounts facilitate… Expand
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