Technological Based Distribution Channel Initiatives on Financial Commercial Banks

Abstract

Financial inclusion is the delivery of major financial services at a reasonable cost to the major sections of the low-income groups. It is the process of commitment leads to financial services wit h correct timings and offer adequate credit needed by requested groups such as weaker sections and low-income groups at an affordable cost". The function of the commercial bank includes the fund transfer, deposit acceptance, and deposits as loans for the development of industries, purchase of houses, equipment, capital investment purposes, tax collection and refunds, payment of pensions, etc.