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Role of Private Sector Banks in Financial Inclusion - Issues & Challenges

Issue Abstract

Abstract
The article explores the geographical distribution of private sector banks in India and its impact on financial inclusion and Challenges. At the end of March 2012, 50.8 million no frills account were opened by the banking system. The banks have a challenge to keep these accounts operational. Banks were advised to provide small overdraft in these accounts, and up to March 2011 banks provided overdraft of Rs. 30.54 crore. No frills account provides the opportunity for a common man to open bank account. These accounts have no pre condition and low minimum balance maintenance. RBI initiated scheme of no frills account in 2005 to improve financial inclusion and now RBI taken necessary steps to develop the new bank branches to all rural area.
Keywords: Water Quality, Contamination, Economic Benefits, Safe Water


Author Information
R.Lenin
Issue No
11
Volume No
3
Issue Publish Date
05 Nov 2017
Issue Pages
45-56

Issue References

References
1) Debroy Bibek, Bhandari Laveesh, Aiyar Swaminathan S.Anklesaria, “Economics Freedom of States of India 2011”, Academic Foundation, NEW Delhi, PP 13-14

2) Report on Trend and Progress of Banking in India 2009-10
3) Chakrabarty, K.C.(2011), “Financial Inclusion – A road India needs to travel”
4) Chakrabarty, K.C.(2011), “Financial Inclusion”, Presentation at St. Xavier‟s College, Mumbai on September 7, 2011