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ICICI Bank in Microfinance: Breaking the barriers

49% (32,538) of all scheduled commercial bank branches are rural. Transaction at branch costs US$ 1 vis-a-vis 25 cent at ATM. Limited outreach. – PowerPoint PPT presentation

Agenda

About ICICI Group

Micro-finance in India

ICICI Bank Micro-finance

The ICICI Group today
  • Largest private sector bank in India
  • Largest consumer credit provider in India
  • Over 15 million retail customer accounts
  • Serving over 2000 large and small corporate

ICICI Bank Micro-finance

Issues

Rural banking in India progress made
  • Indian banking system has achieved a formidable
outreach in rural areas
  • 49 (32,538) of all scheduled commercial bank branches are rural
  • 31 (131.1 million) of the total deposit accounts are in rural India
  • 43(22.4 million) of total credit accounts are in rural India
  • Number of people per branch has reduced from

    64,000 in June 1969 to 15,000 in June 1997 (all

    India average)
  • Source
  • BSR, March 31, 2001,

    Table 1.3, RBI

  • Deolalkar, G.H. The Indian Banking Sector On

    the road to progress, A Study of Financial

    Markets

  • But large gaps persist in outreach to the poor
    • For the rural population of 741.0 million
    • Population per branch 22,793
    • Penetration of savings accounts is below 18
    • As against 104 in urban and semi-urban areas
    • Number of villages per branch 19
    • High dependence on informal sources
    • 36 of rural credit from informal sources
    • Dependence even higher for lower income

    households 78

    Source BSR, March 31, 2001, Table 1.3,

    RBI Census, 2001 Mahajan, VijayA framework for

    building a sustainable rural financial system

    (RFS) for India, BASIX, www.basixindia.com Banking with poor is challenging

    • Doorstep banking
    • Flexibility in timings
    • Timely availability of services
    • Low value and high volume transactions
    • Require simple processes with minimum
    documentation
    • High cost of service delivery
    • Timings and procedures Rigid and inflexible
    • High transaction cost for the customers
    • Expansion of branch network expensive and time

      taking

    Nature of Demand

    Source: www.powershow.com

    Category: Payday loans

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