DocumentCode
2670009
Title
Notice of Retraction
Microfinance in Indian banking industry and its future
Author
Mishra, N. ; Chandra, M.
fYear
2010
fDate
17-19 Sept. 2010
Firstpage
625
Lastpage
628
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Indian banking system, which is among the largest banking networks in the world, did not reach most of the rural poor in India. About 70% of the Indian population from rural areas accounted for only 30% of bank deposits. In the early 1990s, to provide credit and savings services to the poor, microfinance was envisaged. By the mid 1990s, several mainstream banks began providing credit and savings facilities to SHGs that built credible financial discipline. The government and RBI announced several measures to boost microfinance activities in the country. With increase in competition and availability of funds, the Indian microfinance sector could be the ultimate beneficiary. This paper is an attempt to understand microfinance in India and also to make a comparative analysis between public and private sector banks with respect to micro financing.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Indian banking system, which is among the largest banking networks in the world, did not reach most of the rural poor in India. About 70% of the Indian population from rural areas accounted for only 30% of bank deposits. In the early 1990s, to provide credit and savings services to the poor, microfinance was envisaged. By the mid 1990s, several mainstream banks began providing credit and savings facilities to SHGs that built credible financial discipline. The government and RBI announced several measures to boost microfinance activities in the country. With increase in competition and availability of funds, the Indian microfinance sector could be the ultimate beneficiary. This paper is an attempt to understand microfinance in India and also to make a comparative analysis between public and private sector banks with respect to micro financing.
Keywords
banking; financial management; Indian banking industry; microfinance; private sector bank; public sector bank; Agriculture; Banking; Biological system modeling; Companies; Couplings; Finance; Microfinance; credit; debit; self-helps groups;
fLanguage
English
Publisher
ieee
Conference_Titel
Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on
Conference_Location
Chongqing
Print_ISBN
978-1-4244-6927-7
Type
conf
DOI
10.1109/ICIFE.2010.5609435
Filename
5609435
Link To Document