Scope of Banks in Financial Inclusion for Kerala State
Keywords:
Financial Inclusion, banking penetration, inclusive financial systemAbstract
Growth of a nation depends upon the existence of a healthy and easy accessible financial system. The countries all over the world are facing the issue of having a healthy, easy accessible and inclusive financial system. According to the latest Global Findex report of World Bank 2014, there are about 38 percentages of adults around the world are unbanked. Amongst all other financial services banking services are considered as the most vital and important for a common man. So we can say that countries banking penetration has a substantial impact on the success and growth of financial inclusion. In this study we are trying to examine the role and importance of banking penetration in the success and growth of financial inclusion in India and also specifically in the state of Kerala, as Kerala has ranked as one of the top leading Indian state in the progression of financial inclusion.
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