RBI launches financial inclusion index
The Reserve Financial institution of India has launched a monetary inclusion index, aiming to construct a extra full image of residents’ entry to monetary companies.
The index offers a rating of zero to 100, the place zero is full exclusion and 100 is full inclusion. Three “broad parameters” are given completely different weightings within the calculation: entry (35%), utilization (45%) and high quality (20%).
Every parameter breaks down additional into “quite a lot of dimensions”, the RBI stated in a press release. In all, the calculation is
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