A Study on the Role of Mobile Banking for Increased Financial Inclusion in India

Abstract

The monetary system is the lifeline of any economy. It is the fuel that is required for the process of economic development. Similarly banking industry is the backbone of a sound monetary system. For the monetary system to function smoothly and add to economic growth a sound banking system is a must have. It directly influences the process of economic growth and prevailing economic conditions. But despite the transformation and convergence of banking industry with technology, the banks are still not able to provide financial services to the vast segment of the population in India. newline