Assessing the Extent of Financial Inclusion through Bank Office Expansion in Haryana

Mamta Rani and Manoj Siwach

Economic and Regional Studies (Studia Ekonomiczne i Regionalne), 2024, vol. 17, issue 01

Abstract: Subject and purpose of work: The study presents a comprehensive analysis of the banking sector in Haryana from 2007 to 2022. Materials and methods: The study is based on secondary data. The number of bank branches, deposits, and credits in the state are just a few economic indicators covered in the Statistical Abstract of Haryana. The compound growth rate is calculated to assess the growth of a bank. Results: The findings reveal a consistent rising trend in bank branches, credit and deposits of commercial banks. Notable trends include increasing bank branches, a surge in deposits and robust credit growth, indicating a dynamic and thriving banking sector. The Credit-Deposit ratio gradually increased from 2007 to 2011, reaching a peak in 2012 at 102.10%. Conclusions: The overall number of bank offices has increased dramatically due to the state’s growing financial sector. The steady expansion in bank branches indicates a sustained effort to improve accessibility and financial inclusion.

Keywords: Agribusiness; Agricultural Finance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ags:plecrs:342843

DOI: 10.22004/ag.econ.342843

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