Financial Inclusion: An Overview of Its Various Dimensions and Its Assistance in Reducing Private Sector Insolvency

2017 ◽  
pp. 363-393
Author(s):  
Christos V. Gortsos ◽  
Vasilis Panagiotidis
Keyword(s):  
Private Sector ◽  
Financial Inclusion

Foreign banks to bet on Mexico despite risks

2020 ◽  
Keyword(s):  
Private Sector ◽  
Financial Inclusion ◽  
Foreign Banks ◽  
Content Type ◽  
The Government

Significance The contraction is Mexico’s first in ten years and marks President Andres Manuel Lopez Obrador (AMLO)’s first full year in office. Foreign banks nevertheless continue to bet on Mexico, setting aside the uncertainty generated by AMLO’s policies. Impacts Banks’ willingness to lend could be important for the recovery of the troubled economy. The banking sector’s support for some of AMLO’s initiatives will help build private sector faith in them. Banks will increasingly collaborate with the government to improve financial inclusion.

Financial Inclusion and Macroeconomic Performance in Nigeria

2018 ◽  
Vol 10 (3(J)) ◽  
pp. 15-22 ◽  
Author(s):  
Lawal N. A. ◽  
Sulaiman L. A. ◽  
Migiro S. O.
Keyword(s):  
Private Sector ◽  
Central Bank ◽  
Money Supply ◽  
Financial Services ◽  
Urban Areas ◽  
Financial Inclusion ◽  
Least Square ◽  
Easy Access ◽  
Macroeconomic Performance ◽  
Bank Branches

The paper examines the relationship between financial inclusion and macroeconomic performance in Nigeria from 1981 to 2014. The data for the study were sourced from Central Bank of Nigeria statistical bulletins. The study employs the Ordinary Least Square and Granger Causality tests as estimation techniques. From the result, using the coefficient, Gross Domestic Product (GDP) is positive at constant of 2573.946. This means that when all variables are held constant, there will be a positive variation up to 2573.946 units in GDP. This implies that there is a significant and positive effect of financial inclusion on macroeconomic performance in Nigeria. It is concluded that Credit to the Private Sector as a ratio of GDP (CPS/GDP), Money Supply as a ratio of GDP (MS/GDP), and Numbers of Bank Branches (NBB) have a unidirectional relationship to GDP – while Currency Out Banks (COB), Interest Rate (INT) and Total Saving (TSA)are independent of GDP. The study therefore recommends that the government and the Central Bank of Nigeria should improve on the facilitation of credit to the private sector, and money supply should be properly managed. The Central Bank of Nigeria should encourage the provisions of more bank branches to rural and urban areas in order to promote easy access to financial services.

scholarly journals Hubungan Luar Negeri Australia dengan Negara-Negara Pasifik dalam Bidang Ekonomi Periode 2012-2018

2020 ◽  
Vol 2 (2) ◽  
pp. 78-87
Author(s):  
Nuralfi Nazmi Laila
Keyword(s):  
Private Sector ◽  
Financial Inclusion ◽  
Private Sector Development ◽  
The Pacific

Hubungan antara Australia dengan negara-negara Pasifik terjadi karena letak geografis yang berdekatan serta melihat dampak positif yang dapat ditimbulkan atas kerjasama tersebut. Tujuan dibuatnya jurnal ini adalah untuk memberikan pengetahuan kepada khalayak umum tentang bagaimana penerapan hubungan internasional yang terjadi antara Australia dan Negara Pasifik dalam bidang ekonomi. Adapun metode yang digunakan dalam memperoleh data adalah metode deskriptif. Terdapat beberapa kerjasama dalam bidang ekonomi yang dilakukan Australia terhadap Negara Pasifik yaitu PSDI (Pacific Private sector Development Initiative), PBIF (The Pacific Financial Inclusion Program), dll. Selain bertujuan untuk membangun hubungan diplomatis dengan Negara Pasifik, Australia juga bermaksud untuk meningkatkan kualitas ekonomi yang ada di Negara Pasifik. Salah satu cara yang dilakukan Australia adalah memberikan kucuran dana kepada Negara Pasifik dan meningkatkan kualitas sumber daya manusia yang ada. 

Development banks in BRICS

2020 ◽  
pp. 188-204
Author(s):  
John Weiss
Keyword(s):  
Private Sector ◽  
Financial Institutions ◽  
Financial Inclusion ◽  
Academic Literature ◽  
The Common ◽  
Development Banks

The use of development banks as a source of long-term funding is one of the common characteristics of BRICS economies. This chapter summarizes data on the extent of the involvement of such banks and reviews the key objectives identified for such banks in the academic literature—in particular their role in terms of strategic lending and financial inclusion. The experience of the Brazilian bank Banco Nacional de Desenvolvimento Econômico e Social is used as a case study. This bank has played a major role in the Brazilian economy as a source of long-term credit, although critics have pointed to a focus on large borrowers and its possible impact in stifling the emergence of private sector financial institutions.

scholarly journals ‘ICT Supported Financial Inclusion for Inclusive Growth – for New Age Private Banks in India’

2020 ◽  
Vol 9 (4S) ◽  
pp. 93-99
Keyword(s):  
Private Sector ◽  
Low Income ◽  
Rural Areas ◽  
Research Work ◽  
New Age ◽  
Financial Inclusion ◽  
Poor People ◽  
Inclusive Growth ◽  
The People ◽  
Private Banks

“Financial Inclusion is a delivery of Banking Services at an affordable cost to the vast sections of the disadvantaged and low income groups.” In this research work, an attempt has been made to have an insight into the different activities undertaken by the Government for the Financial Inclusion in India during the last few years. The programmes launched by some selected New Generation Private Sector Banks in India are also studied to know the present status of Financial Inclusion in India. It is a descriptive type of research work based on secondary data which has been collected from the web sites of the R.B.I., Ministry of Finance and the Banks selected for the study. The data related to the Financial Inclusion in India over the last 10 years has been considered for the research work. Financial Inclusion inculcates the savings habits among the people, saves the poor people from the vicious circle of debt from the informal sector.The New Age (Generation) Private Sector Banks are those which are established after 1993 under the new rules and regulations of R.B.I. These Banks have proved themselves as the most efficient Banks providing technology enabled Banking and Financial Services. ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, etc. are some of the examples of out of total 9 Banks of this type. The private Banks have been intentionally selected to know how much they are serious about the problem of financial exclusion and what efforts they are taking for the improvement of the deprived class of the society. Financial Inclusion is the key factor for the inclusive growth of the society. So as per the recommendations of the Khan Committee (2005). RBI issued guidelines to the Banks to extend their services to the unbanked areas through Business Correspondents with the help of ICT support. Pradhan Mantri Jan Dhan Yojana is playing an important role in the Financial Inclusion in the country. The National Digital Mission (NDLM) is working for the digital literacy among the people for improving their communication and accessibility to financial and other services. Attempts through various schemes like Zero Balance Account, Relaxation on KYC Norms, General Purpose Credit Cards, Easy Credit and Free Money Transfers, Financial Literacy Camps, Business Correspondents, Use of Technology, Branches in Unbanked and Rural Areas, etc. will definitely improve the financial condition of the people and it will boost the economic development of the nation. However, there is need to include more number of beneficiaries for the improved status of Financial Inclusion in the country.

scholarly journals Financial inclusion and poverty reduction in India

2019 ◽  
Vol 11 (1) ◽  
pp. 21-33 ◽  
Author(s):  
Takeshi Inoue
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Commercial Banks ◽  
Poverty Reduction ◽  
Generalized Method Of Moments ◽  
Financial Inclusion ◽  
Indian States ◽  
Content Type ◽  
Public Sector Banks ◽  
Interaction Term

Purpose This paper aims to investigate the impacts of financial development through commercial banks on poverty conditions in India. Design/methodology/approach Using unbalanced panel data for Indian states and union territories from 1973 to 2004, and applying the generalized method of moments estimation, the author estimates models in which the poverty ratio is explained by financial inclusion and financial deepening for public sector banks and private sector banks, respectively. Findings The results show that financial inclusion and deepening have statistically significant negative relationships with the poverty ratio for public sector banks, but not for private sector banks. In addition, the coefficients of the interaction term between financial inclusion and deepening are estimated to be negative and statistically significant in most cases of public sector banks. Considering the positive impacts of financial inclusion and deepening on poverty reduction, this result implies that promoting breadth and depth of public sector banks could have a synergistic effect on poverty reduction in India. Originality/value First, unlike previous studies, the author applies both the numbers of bank branches and accounts as the measure of accessibility and usage of banking services. Second, using the interaction term between financial inclusion and deepening, the author empirically analyzes whether, and to what extent, the breadth and depth of the banking sector interact with each other in the process of poverty reduction. Third, the author divide the Indian commercial banks into public sector banks and private sector banks and compares their impacts of financial inclusion and deepening on poverty conditions.

On the Precipice: Private-Sector Vaccine Delivery

2006 ◽  
Vol 40 (4) ◽  
pp. 23
Author(s):  
STUART A. COHEN
Keyword(s):  
Private Sector ◽  
Vaccine Delivery
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