CRISIL Inclusix
June 2013
CRISIL Inclusix
An index to measure India’s progress on Financial Inclusion
An initiative by CRISIL
Developed with support from Ministry of Finance, Government of India and Reserve Bank of India
All calculations are based on data provided by the Reserve Bank of India
CRISIL Inclusix
An index to measure India’s progress on Financial Inclusion
CRISIL defines financial inclusion as “The extent of access by all sections of society to formal financial services, such as credit, deposit, insurance, and pension services”.
09 CRISIL InclusIX: Index of Financial Inclusion
4
ACKNOWLEDGEMENTS
CRISIL would like to acknowledge the Ministry of Finance and the Reserve Bank of India for their support and guidance. CRISIL particularly thanks Reserve Bank of India for sharing data at a district level, which was the basis of this analysis. CRISIL also acknowledges the guidance of various institutions and individuals who have supported this initiative with full enthusiasm.
Name
Designation
Department of Financial Services, Ministry of Finance (MoF)
Shri Rajiv Takru
Secretary, Department of Financial Services, MoF
Smt Snehlata Shrivastava
Additional Secretary Department of Financial Services, MoF
Shri Umesh Kumar
Joint Secretary, Department of Financial Services, MoF
Shri Sandeep Kumar
Director, Department of Financial Services, MoF
Reserve Bank of India (RBI)
Dr K C Chakrabarty
Deputy Governor, RBI
Dr Subir Gokarn
Ex-Deputy Governor, RBI
Smt Usha Thorat
Director, CAFRAL
Dr Deepali Pant Joshi
Executive Director, RBI
Shri Goutam Chatterjee
Adviser, Department of Statistics & Information Management, RBI
Dr Sanjay Bose
Director, Department of Statistics & Information Management, RBI
Indian Banks Association
Dr K Ramakrishnan
Chief Executive, IBA
Mr K Unnikrishnan
Deputy Chief Executive, IBA
In addition to the above, we received enthusiastic support and guidance in this venture from a number of serving and retired senior officials who were
CRISIL Inclusix
An index to measure India’s progress on Financial Inclusion
An initiative by CRISIL
Developed with support from Ministry of Finance, Government of India and Reserve Bank of India
All calculations are based on data provided by the Reserve Bank of India
CRISIL Inclusix
An index to measure India’s progress on Financial Inclusion
CRISIL defines financial inclusion as “The extent of access by all sections of society to formal financial services, such as credit, deposit, insurance, and pension services”.
09 CRISIL InclusIX: Index of Financial Inclusion
4
ACKNOWLEDGEMENTS
CRISIL would like to acknowledge the Ministry of Finance and the Reserve Bank of India for their support and guidance. CRISIL particularly thanks Reserve Bank of India for sharing data at a district level, which was the basis of this analysis. CRISIL also acknowledges the guidance of various institutions and individuals who have supported this initiative with full enthusiasm.
Name
Designation
Department of Financial Services, Ministry of Finance (MoF)
Shri Rajiv Takru
Secretary, Department of Financial Services, MoF
Smt Snehlata Shrivastava
Additional Secretary Department of Financial Services, MoF
Shri Umesh Kumar
Joint Secretary, Department of Financial Services, MoF
Shri Sandeep Kumar
Director, Department of Financial Services, MoF
Reserve Bank of India (RBI)
Dr K C Chakrabarty
Deputy Governor, RBI
Dr Subir Gokarn
Ex-Deputy Governor, RBI
Smt Usha Thorat
Director, CAFRAL
Dr Deepali Pant Joshi
Executive Director, RBI
Shri Goutam Chatterjee
Adviser, Department of Statistics & Information Management, RBI
Dr Sanjay Bose
Director, Department of Statistics & Information Management, RBI
Indian Banks Association
Dr K Ramakrishnan
Chief Executive, IBA
Mr K Unnikrishnan
Deputy Chief Executive, IBA
In addition to the above, we received enthusiastic support and guidance in this venture from a number of serving and retired senior officials who were