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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy April 2021 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Indian Economy