Differentiated Banking (Nicheket Mor Committee)

Differentiated Banks (niche banks) are banks that serve the needs of a certain demographic segment of the population. It can be classified as Payment Banks, Small Finance Banks, Regional Rural Banks, Local Area Banks Wholesale and Long-Term Finance (WLTF) banks etc.

  • Nichekat More Committee was formed in sept. 2013 and in its recommendations, the committee mooted the idea of ‘differentiated bank’.

Impact

  • Size of the market: India’s unbanked population stands at 233 million. Even those who can be considered ‘included’ through Pradhan Mantri Jan Dhan Yojana (PMJDY), are still new to banking products.Importantly, the sheer size of the market can accommodate ....
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