FE@CAMPUS MASTERMIND: Response by Deepak Motiramani to question for Jan 28-Feb 3

Fe at campus

India has a major rural mass which is still not covered under financial inclusive model. With Aadhaar and Information technology playing a major role small banking institutions with innovative technology is the need of the hour. With a large population of about 25 crore of youngsters coming in to the population size financial inclusion & financial literacy can be achieved only if Banking sector plays a proactive role with large spread across the population with innovative technology applications.

The current Banking system is focused on growth by number of accounts and receivable to the relationship managers but have a large scope through corporate social responsibility to reach out to maximum number of young population to strategically inspire entrepreneurship, innovation and creative growth in GDP. Thus India needs more Banks with socially driven models and enterprising youth population being trained in financial ecosystem.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.