RBI to publish Financial Inclusion Index

Top Stories

»	India's retail inflation recorded at 3.48 per cent in April
»	Titan, Kalyan Jewellers, other gold-linked stocks plunge up to 12 pc after PM Modi’s appeal
»	Economists don’t expect RBI to exhibit any urgency to tighten policy rate
»	Gold, silver prices gain up to 3 pc on weak dollar, oil prices
»	Strong reserves, stable policy make India standout in emerging markets: Moody's

SME Times News Bureau | 07 Apr, 2021
To measure the extent of financial inclusion in the country, the Reserve Bank of India will construct and periodically publish a "Financial Inclusion Index" (FI Index).

The FI Index would be based on multiple parameters and shall reflect the broadening and deepening of financial inclusion in the country, a statement on regulatory and developmental policies of RBI said.

To begin with, the FI Index will be published annually in July for the financial year ending previous March.

"Financial Inclusion has been a thrust area for the government, the Reserve Bank and other regulators, with significant progress made over the years. To measure the extent of financial inclusion in the country, the Reserve Bank proposes to construct and publish a Financial Inclusion Index (FI Index) based on multiple parameters,"RBI Governor Shaktikanta Das said in a virtual address after the Monetary Policy Committee's bi-monthly meeting.