Role of commercial banks towards financial inclusion of women and sustainable Development

Abstract

     

Increasing globalization has resulted in increasing remittance throughout the world. The uploaded technology can no long more exclude the people from the view point of utilization. Today, the banking industry has shown tremendous growth in volume and complexity. As banking services are in the nature of public good it is essential that availability of banking and payment services are provided to entire population in an egalitarian manner. In India, focusing on inclusive growth, financial inclusion has been used as one of the major component to active this stipulated target.Commercial banks are now slowly coming to appreciate the business potential in financial inclusion and also the need for better involvement. Commercial banks have a significant role to play in financial inclusion, especially in the post-amalgamation scenario. The vast postal network, leveraging on their immense outreach, could also be an effective vehicle for purveying financial services