Book Title: Indian Management Case Studies
Editors: Dr. Jasbir Kaur and Dr. Devyani Ingale
ISBN: 978-81-973428-4-4
Chapter: 20
DOI: https://doi.org/10.59646/imcsc20/192
Author: Ms. Prajakta B Deshmukh, Assistant Professor, MBA Programme, SPPU, Sub Centre Nashik, Maharashtra, India.
Learning Objective:
Studying Jio Payments Bank and Financial Inclusion entails grasping the importance of financial inclusion in developing nations like as India, where the availability of reasonably priced financial services fosters economic progress and reduces poverty. Jio Payments Bank utilises advanced technology and strategic collaborations to offer banking services to individuals who do not have access to traditional banking, making use of Jio’s massive digital infrastructure. The potential to expand into other locations relies on the presence of both technological and legislative backing. The presence of regulatory frameworks is essential in determining the success or failure of digital banks, as these rules must strike a delicate balance between promoting innovation and ensuring security. The future of banking for disadvantaged people will be influenced by digital advancements like mobile banking, AI, and blockchain, as well as changing regulatory frameworks. These developments are aimed at promoting financial inclusion and economic empowerment on a worldwide scale.