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2023 | OriginalPaper | Chapter

9. Financial Sector Governance Policies and Regulations

Authors : Vinay Kandpal, Deep Chandra, Narendra N. Dalei, Jatinder Handoo

Published in: Financial Inclusion in Circular Economy

Publisher: Springer International Publishing

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Abstract

We analyze the Indian government’s and regulators’ contributions to the principles and practices of financial inclusion in enhancing the poor’s access to financial services in the past and present and suggest future corrective actions. We discover that psychological and business factors are the main obstacles. For the development of an innovative digital market and financial system, there is a need for a strong and dynamic ongoing research-based business model, as well as a sense of sustainability and inclusivity. It will support our interventions in regular financial services, including a payment system with new differential players, at an appropriate scale and size. However, this won’t be effective until strategic financial sector development and growth are integrated with financial inclusion.

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Metadata
Title
Financial Sector Governance Policies and Regulations
Authors
Vinay Kandpal
Deep Chandra
Narendra N. Dalei
Jatinder Handoo
Copyright Year
2023
DOI
https://doi.org/10.1007/978-3-031-22723-3_9