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Assessing the Extent of Financial Inclusion Through Bank Office Expansion in Haryana.

Authors :
Rani, Mamta
Siwach, Manoj
Source :
Economic & Regional Studies/Studia Ekonomiczne i Regionalne; Mar2024, Vol. 17 Issue 1, p133-148, 16p
Publication Year :
2024

Abstract

The study presents a comprehensive analysis of the banking sector in Haryana from 2007 to 2022. 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. 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%. 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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
20833725
Volume :
17
Issue :
1
Database :
Complementary Index
Journal :
Economic & Regional Studies/Studia Ekonomiczne i Regionalne
Publication Type :
Academic Journal
Accession number :
176386358
Full Text :
https://doi.org/10.2478/ers-2024-0007