Indian banks can unlock USD 688 bn opportunity through gender-intelligent banking: Report

Indian banks could tap into a USD 688 billion untapped financial opportunity by adopting gender-intelligent design practices, according to a new report by Micro-Save Consulting (MSC) and the National Institute of Bank Management (NIBM).

- AGENCIES

The publication comes at a critical juncture for India’s economy, as the continued underrepresentation of women across the financial ecosystem is estimated to cost the country USD 688 billion, impacting its ambition to become a USD 5 trillion economy.

While India has made strides in expanding access to financial services, active usage among women remains low, leaving one of the country’s largest untapped market segments.