These include not only banking products but also other financial services such as insurance and equity products. The latest score of Crisil Inclusix shows financial inclusion has improved significantly in the country, driven by strong growth in deposits and credit accounts. Launched in 2013, Crisil Inclusix is the country's first financial inclusion index. "Various small finance banks (SFBs) have begun to operate. Moreover, as more post offices turn into payment bank outlets, it could also lead to better Inclusix score.

Source: The Telegraph April 01, 2018 20:03 UTC