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Financial Inclusion metrics report
November 9 , 2021
1114 days
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- The State Bank of India (SBI) has released its Financial Inclusion metrics report.
- It has been prepared by the Chief Economic Advisor of the SBI group, Soumya Kanti Ghosh.
- The number of bank branches per 100000 adults in India has increased to 14.7 in 2020 as compared to 13.6 in 2015.
- This increase was the result of Pradhan Mantri Jan-Dhan Yojana, digital infrastructure etc.
- This number is higher as compared to Germany, China and South Africa.
- Internet banking transactions per 1,000 adults have boosted to 13,615 in 2019 as opposed to 183 in 2015.
- States having higher Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts balances have reported a decline in crime.
- States where more PMJDY accounts were opened, reported a significant and economically meaningful drop in consumption of intoxicants like alcohol and tobacco products.
- The number of ‘Banking Outlets in Villages’ has increased from 34,174 in March 2010 to 12.4 lakh in December 2020.
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