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Inclusive Banking—Concept and Context

In: Inclusive Banking In India

Author

Listed:
  • Lalitagauri Kulkarni

    (Gokhale Institute of Politics and Economics)

  • Vasant Chintaman Joshi

    (Bank of India)

Abstract

The ‘Pandemic’ has wrought untold miseries on the poor. Millions of people are estimated to be pushed into extreme poverty. As the world is turning ‘upside down’, this is the time to revisit the existing system of financial inclusion and to reconsider the role of banking sector in providing financial services to the low income population. With new technologies coming into vogue, banks in India can play a significant role in the poverty alleviation process. This chapter emphasizes the need to change the narrative of financial inclusion and indicates that the low income population can be tapped by the banks as a viable business segment.

Suggested Citation

  • Lalitagauri Kulkarni & Vasant Chintaman Joshi, 2021. "Inclusive Banking—Concept and Context," Springer Books, in: Inclusive Banking In India, chapter 0, pages 1-28, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-6797-5_1
    DOI: 10.1007/978-981-33-6797-5_1
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