PENETRATION OF INDIAN BANKING IN A DECADE

The penetration of banking services in the country, where the majority of the disadvantaged citizens for the formal credit sources with ease access is set to increase in near future. The sharp increase in penetration of accounts notwithstanding, the worrying aspect for India, as per the report, is that the country has among the highest rates of dormant accounts in the world. Policy makers in India have stepping up the focus on financial inclusion through penetration of banking by accounts, deposits and credits. This paper has analysed the penetration of banking and its differences on offices, deposit accounts, deposits, credit accounts, credits, non-food credit accounts and non-food credits among the different bank groups, population groups and regions and found the differences among the bank groups, population groups and regions in India.