IndusInd Bank`s `Bharat Money Stores`- Enabling Financial Inclusion for the Masses
| Case Code: FINC198 Case Length: 6 Pages Period: 2017-2021 Pub Date: 2022 Teaching Note: Available |
Price: Rs.300 Organization: Bharat Financial Inclusion Ltd Industry: Banking Countries: Asia Themes: Banks and Banking, Business Models, Technology in Financial Services, |
Abstract Case Intro 1 Case Intro 2 Excerpts
Abstract
The case ‘IndusInd Bank’s ‘Bharat Money Stores’– Enabling Financial Inclusion for the Masses’ is about the business innovation of IndusInd Bank’s ‘Bharat Money Stores’ (BMS). The case discusses the financial inclusion initiatives of BMS to enable a seamless transfer of subsidies and the provision of banking services to unbanked people in the villages and towns of India. The case dwells upon the background of BMS and also discusses the need for financial inclusion for the unbanked section of society in India. The business model of BMS is discussed in detail and the reactions and comments of the merchants and beneficiaries are also put forth in the case. The case ends with the future plans of BMS and its foray into newer services for the benefit of its customers. It remains to be seen whether BMS’s innovative business model will continue to provide financial inclusion for the masses to bring them into the mainstream of society.
Issues
The case is structured to achieve the following teaching objectives:
- Analyze the need for financial inclusion in India.
- Understand the importance of financial inclusion for economic development and the upliftment of the masses.
- Evaluate the business model for financial inclusion.
Contents
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Introduction
Background
The Need for the Financial Inclusion
The Business Model
Reaction of Merchants and Beneficiaries
Road Ahead
Exhibits
Keywords
Financial Inclusion; Financial Services; Rural Distribution Service Points; Financial Inclusion Business Model; Financial Inclusion Elements; Mobile Financial Services; Business Innovations
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