THE ROLE OF VARIOUS FINANCIAL INSTITUTIONS AND REGULATORY BODIES IN FINANCIAL INCLUSION

The purpose of the study is to analyses the impact of regulatory bodies in financial inclusion in India and its impact on bankers, the left-outs, the intermediator people, and economy. Secondary published data from various sources has been used for analysis. The findings of the study concluded that urban financial inclusion is a win-win opportunity for the left-outs, for the banks, for the intermediaries and for the economy as a whole. Because of growing incomes, better access to communications and media, improving awareness levels, aspirations of the urban left-outs are on the rise. Banks can ignore this opportunity at their own peril. The need of the hour is to awaken, start and grab the opportunity aggressively. It is rightly said that business opportunity is dependent upon access to financial resources. Such access is especially useful in urban centres where opportunities are many. Financial inclusion provides opportunities to build savings, make investments and avail credit.