Rai, Anurag and Saha, Amrita (2010): Financial Inclusion in Karnataka: A Study of Operationalisation of No Frills Accounts.
This is the latest version of this item.
Download (287kB) | Preview
Financial inclusion may be defined as the process of ensuring timely and adequate access to financial services and credit delivery for low income groups at an affordable cost. The basic aim of Financial Inclusion is to ensure the ease of access, availability and usage of the formal financial System by these groups.
The objective of this paper is to design a tool for measuring the level of Operationalisation of No-Frills (NF) Accounts (similar to Saving A/c of Banks with limitation of the balance at Rs.50,000) opened during the first phase of Financial Inclusion in the state of Karnataka.
The paper identifies usage in 6 different facilities of NF Accounts from banking facilities as parameters. A Sampling Survey is designed and data is collected from 26 Districts and 48 Public, Private and Regional Rural Banks through the Lead Bank System. These parameters are clubbed to form an Operationalisation Index that measures activity in different facilities for the banks and collectively in a district as a percentage of total No Frills A/Cs.
On the basis of contribution to Operationalisation, every parameter is assigned a score. The cumulative score for all the parameters for a bank or a district are added and corresponding ranks are assigned. The individual significance of the parameters is assessed using statistical tests on the Cross Sectional Data and recommendations are made to the concerned Bank or District under study. Further, the No-Frills A/C s are analysed as a product on the Ansoff-Matrix and strategic marketing recommendation are drawn.
|Item Type:||MPRA Paper|
|Original Title:||Financial Inclusion in Karnataka: A Study of Operationalisation of No Frills Accounts|
|Keywords:||Financial Inclusion, Operationalisation|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services|
|Depositing User:||Anurag Rai|
|Date Deposited:||10. Nov 2010 13:05|
|Last Modified:||30. Dec 2015 10:25|
Rangarajan C., 2008, Committee Report on Financial Inclusion, 2008.
Agrawal Reena, 2007, Financial Inclusion: A Challenging Task Ahead, The Conference on Global Competition & Competitiveness of Indian Corporate, IIM K.
5 Jul 2010, ET Bureau, ‘RBI may rope in for-profit firms for financial inclusion’.
Subbarao D. Speech, 13th April 2010, RBI-OECD Workshop on Delivering Financial Literacy.
Business Standard Reporter, 2009-12-05, ‘RBI changes financial inclusion definition’.
Smt. Usha Thorat, November 4, 2006, Address, Deputy Governor, Reserve Bank of India, as circulated at the Annual Bankers' Conference 2006, at Hyderabad.
January 23 2009, Economic Times, RBI contradicts 100% financial inclusion claims by banks.
Malhotra Naresh K., 2002, Marketing Research: An Applied Orientation, Prentice Hall,Third Edition (Select Chapters).
Kotler Philip, Armstrong Gray; 2009, Principles of Marketing, Prentice Hall, 13th Edition (Select Chapters).
Anderson, Sweeney, Williams; 2008, South-Western Publishing, Statistics for Business and Economics, 9th Edition (Select Chapters).
Nimal A. Fernando; 2008, ADB, EARD, Special study Report on Rural Development, Outcome and Drivers.
NABCONS, 2008, NABARD Consultancy Report on the FI survey of the 7 Districts of state of Karnataka.Prof. Mohammad Yunus, 2007, Speech on Grameen Experience, RBI.
RBI, RPCD (Rural Policy and Credit department Data) Data and reports.
SBLC (State Level Banker’s Committee Report) Reports for Karnataka
Available Versions of this Item
Financial Inclusion in Karnataka: A Study of Operationalisation of No Frills Accounts. (deposited 08. Nov 2010 22:26)
- Financial Inclusion in Karnataka: A Study of Operationalisation of No Frills Accounts. (deposited 10. Nov 2010 13:05) [Currently Displayed]