It is easy to agree that branchless banking is a preferred way to serve rural India. However, I have been trying to get my business mind to arrive at the same conclusion by looking at the numbers. I would like to go thru' such an exercise here at the risk of getting beaten up.
I am starting this exercise by leveraging the wonderful work done by CGAP, notably these two publications:
○ BC Banking Channels in India - G Chen
○ Building Viable Agent Networks in India
Branchless Banking might mean different things to different people. In this article, I am looking at the use of agents/merchants to serve the users in villages.
Target list of services provided at a branchless bank include:
○ Cash In/Out Services
○ NREGA disbursement
○ Micro Lending
○ Micro Insurance...
I will discuss this subject by looking at three aspects:
○ State of Branchless Banking
○ Bridging the gap in Branchless Banking
Please do let me know your opinion about this industry.