Review of the banking system: Evolving landscape

Editors

Bandyopadhyay, Tamal

Description

The banking system has been going through multiple changes in the past few years; there has been consolidation in the public sector banks, private banks have seen one high-profile failure and the economic downturn has affected the overall performance of the banks. At the same time, the agenda of financial inclusion seems to be well on track with no dramatic changes. The biggest initiative in the recent past was the launch of Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014. Following the launch of the programme on a mission mode, the number of new bank accounts opened went up steeply. However, the increase in the number of bank accounts did not have a commensurate growth or impact on transactions and did not show signs of the additional services offered such as the facility of overdraft or the issue of ATM cards or insurance gain traction. While in the past few years there has been improvement in the usage of ancillary services, it still does not fall in line with the vigour with which the PMJDY programme was launched.

Publication Date

1-4-2020

ISBN

978-8194930310

Publisher

Access Assist

Keywords

Financial inclusion, Covid-19, Banking, Banking System

discipline

Social and Behavioral Sciences; Economics; Finance; Social and Behavioral Sciences; Public Affairs, Public Policy and Public Administration; Economic Policy

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