DR. CHETAN PANSE

Title:Open Banking and Inclusive Growth in India Year: 2020
Authors:Rastogi S., Sharma A., Panse C. Journal: Indian Journal of Ecology Publication date:2020 January Publisher: Ecological Society of India URL: click here Abstract In India, only 40% of population have active bank accounts and around 90% of population have access to mobile phones. To promote digitalization of payments in India, UPI (Unified Payment Interface) commenced in April 2016. UPI is a huge success in India which can be further explored to achieve Financial Inclusion in India. The main objective of this research paper is to explore how open banking facilitates financial inclusion and subsequently, lead to economic development of a nation. Data collected from respondents by using a structured questionnaire who have used mobile banking application, partial least square (PLS) method of structured equation modelling (SEM) is used to analysed the data. The result suggests that financial inclusion mediates the relationship between Open banking and economic development and further financial literacy mediates the relationship between open banking and financial inclusion. This study provides idea about the relevant factors which may affect the open banking. This study gives idea about the focus areas to be followed by policy makers to strengthen financial inclusion initiatives and consequently impact the economic development. The significance of the study lies in eliciting linkage between open banking with financial inclusion which leads to economic development.

Title:Open Banking and Inclusive Growth in India Year: 2020

Authors:Rastogi S., Sharma A., Panse C.
Journal: Indian Journal of Ecology
Publication date:2020 January
Publisher: Ecological Society of India
URL: click here

Abstract

In India, only 40% of population have active bank accounts and around 90% of population have access to mobile phones. To promote digitalization of payments in India, UPI (Unified Payment Interface) commenced in April 2016. UPI is a huge success in India which can be further explored to achieve Financial Inclusion in India. The main objective of this research paper is to explore how open banking facilitates financial inclusion and subsequently, lead to economic development of a nation. Data collected from respondents by using a structured questionnaire who have used mobile banking application, partial least square (PLS) method of structured equation modelling (SEM) is used to analysed the data. The result suggests that financial inclusion mediates the relationship between Open banking and economic development and further financial literacy mediates the relationship between open banking and financial inclusion. This study provides idea about the relevant factors which may affect the open banking. This study gives idea about the focus areas to be followed by policy makers to strengthen financial inclusion initiatives and consequently impact the economic development. The significance of the study lies in eliciting linkage between open banking with financial inclusion which leads to economic development.

Name	Designation
Mr. Anand Singh	Administrative Officer
Ms. Jagriti Partho Goswami	Office Superintendent
Mr. Prasanna Pendke	Sr. Supervisor
Mr. Amit Marathe	Sr. Supervisor
Mr. Prakash D Karkar	Supervisor
Mr. Amit Shinde	Supervisor
Ms. Supriya Rahalkar	Supervisor
Ms. Poorva Zende	Supervisor
Mr. Ritesh Gaikwad	Supervisor
Mr. Yogesh S. Mane	Sr. Coordinator
Ms. Rucha Desai	Sr. Coordinator
Ms. Roma Kale	Sr. Coordinator
Ms. Deepti Gokhale	Sr. Coordinator
Ms. Margaret Dsouza	Sr. Coordinator
Mr. Prasad Bonde	Coordinator
Ms. Anuja Joshi	Coordinator
Mr. Pradeep Chaveria	Coordinator
Mr. Vishal Yadav	Coordinator
Mr. Rohit Rane	Assistant Coordinator
Ms. Shilpa Ravalallu	P.A.to Director
Mr. Abhishek Kudale	Office Assistant
Mr. Rajesh Bagewadi	Network Engineer
Ms. Saee H. Gokhale	Sr .Lab Instructor
Mr. Nilesh S Kadam	Lab Instructor
Mr. Sumit Bhoinkar	Accountant
Mr. Avadhoot Joshi	Accountant
Ms. Shital Balkawade	Sr. Accounts Assistant
Ms. Deepti Velhal	Deputy Accountant
Mr. Mukesh Thopate	Office Attendant
Mr. Ashok Mankar	Office Attendant
Mr. Puran Walmiki	Sr. Office Attendant
Mr. Kailash Shinde	Sr. Office Attendant
Mr. Vasant Shitole	Sr. Office Attendant
Mr. Sanjay Takle	Sr. Office Attendant
Mr. Aniket Gugale	Office Attendant
Mr. Ravindra Supe	Office Attendant
Mr. Sagar Mengade	Driver cum Office Attendant