Financial inclusion is the process of building viable institutions that provide financial services to those hitherto excluded. These may include savings, insurances, remittances, and credit. Microfinance became the most dominant method for achieving financial inclusion. However, different...

International Financial Services Centre (IFSC) seeks to bring to the Indian shores, those financial services transactions that are currently carried on outside India by overseas financial institutions, Indian financial institutions/entities and overseas branches/subsidiaries of Indian financial...

The History of World's most significant International Financial Services Centre (IFSC) is more than 200 years old. Various countries at various points in time of their Economic Development took initiative to develop International Financial Centre to provide International Financial Services. Over...

Several countries in Asia and Middle East established new age International Financial Centres e.g. Singapore, Dubai, Abu Dhabi, Qatar to name a few. India, which is one of the largest and fastest growing major economies in the world, established its maiden International Financial Services Centre...

The waves of liberalization, privatization and globalization have transformed the face of service sector in India. On account of this, service sector has witnessed massive growth in the form of innovative products, expansion of services and wider outreach. Financial services are no exception to...

India has the second largest number of financially excluded people in the world. Both the Government and the Reserve Bank have taken initiatives continuously to address the issue of inclusive growth. The entire argument on financial inclusion is whether the financially excluded community can be...

Having access to credit is essential for households to address the volatility of their personal finances over time and for firms to fund their investments. Accessing financial services at affordable cost on the other hand, is crucial to ensure financial security of all economic units. Despite...

For social and economic reasons, national economies benefit from the inclusion of as many people as possible in financial services. In a cross country study, the present study shows that financial literacy for the general population promotes financial inclusion. This relationship goes beyond the...

Inclusive finance is a core concept of finance that makes various financial products and services accessible and affordable to all individuals and businesses, especially those excluded from the formal financial system. One of the leading forces affecting people's ability to access financial...