An Empirical Analysis of Financial Inclusion Across Population Groups in India

Nitin Kumar

The IUP Journal of Bank Management, 2012, vol. X, issue 1, 97-111

Abstract: The financial inclusion mission has gained tremendous relevance in an emerging economy like India. Financial exclusion seems to be more severe in rural and backward locations. In this respect, the current analysis is an attempt to explore the behavior of inclusion/ exclusion across varied population groups. The pooled dataset spanning over the period from 1990 to 2008 for rural and urban regions separately has been employed. A set of control variables have been included to disentangle the role of various demographic and institutional factors. Bank group size, as captured by assets, has a direct influence on the number of operating branches. Ownership effect also plays a key role in determining the number of branches operating. Test of convergence has been carried out to examine if lesser branched regions are catching up with their counterparts with higher branch network. Evidence of conditional convergence has been found. Finally, structural change has also been observed in terms of the number of functioning branches. The result is a testimony to the fact that inclusion policies are actually translating into significant improvement of branch density in India.

Date: 2012
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