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Role of banks in financial inclusion in India

Author

Listed:
  • Badar Alam Iqbal

    (Department of Commerce, Aligarh Muslim University, Aligarh, UP, India)

  • Shaista Sami

    (Department of Commerce, Aligarh Muslim University, Aligarh, UP, India)

Abstract

Financial inclusion is emerging as a new paradigm of economic growth that plays major role in driving away the poverty from the country. It refers to delivery of banking services to masses including privileged and disadvantaged people at an affordable terms and conditions. Financial inclusion is important priority of the country in terms of economic growth and advanceness of society. It enables to reduce the gap between rich and poor population. In the current scenario financial institutions are the robust pillars of progress, economic growth and development of the economy. The present study aims to examine the impact of financial inclusion on growth of the economy over a period of seven years. Secondary data is used which has been analyzed by multiple regression model as a main statistical tool. Results of the study found positive and significant impact of number of bank branch and Credit deposit ratio on GDP of the country, whereas an insignificant impact has been observed in case of ATMs growth on Indian GDP.

Suggested Citation

  • Badar Alam Iqbal & Shaista Sami, 2017. "Role of banks in financial inclusion in India," Contaduría y Administración, Accounting and Management, vol. 62(2), pages 32-33, Abril-Jun.
    • Handle: RePEc:nax:conyad:v:62:y:2017:i:2:p:32-33
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial inclusion; Banking sector; GDP; ATMs; Credit deposit ratio;
    All these keywords.

    JEL classification:

    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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