Product details

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Abstract

The case 'IndusInd Bank's 'Bharat Money Stores' - Enabling Financial Inclusion for the Masses' is about the business innovation of IndusInd Bank's 'Bharat Money Stores' (BMS). The case discusses the financial inclusion initiatives of BMS to enable a seamless transfer of subsidies and the provision of banking services to unbanked people in the villages and towns of India. The case dwells upon the background of BMS and also discusses the need for financial inclusion for the unbanked section of society in India. The business model of BMS is discussed in detail and the reactions and comments of the merchants and beneficiaries are also put forth in the case. The case ends with the future plans of BMS and its foray into newer services for the benefit of its customers. It remains to be seen whether BMS's innovative business model will continue to provide financial inclusion for the masses to bring them into the mainstream of society.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Time period

The events covered by this case took place in 2017-21.

Geographical setting

Region:
Asia
Country:
India

Featured company

Bharat Financial Inclusion Ltd
Type:
Public company
Industry:
Banking

About

Abstract

The case 'IndusInd Bank's 'Bharat Money Stores' - Enabling Financial Inclusion for the Masses' is about the business innovation of IndusInd Bank's 'Bharat Money Stores' (BMS). The case discusses the financial inclusion initiatives of BMS to enable a seamless transfer of subsidies and the provision of banking services to unbanked people in the villages and towns of India. The case dwells upon the background of BMS and also discusses the need for financial inclusion for the unbanked section of society in India. The business model of BMS is discussed in detail and the reactions and comments of the merchants and beneficiaries are also put forth in the case. The case ends with the future plans of BMS and its foray into newer services for the benefit of its customers. It remains to be seen whether BMS's innovative business model will continue to provide financial inclusion for the masses to bring them into the mainstream of society.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Settings

Time period

The events covered by this case took place in 2017-21.

Geographical setting

Region:
Asia
Country:
India

Featured company

Bharat Financial Inclusion Ltd
Type:
Public company
Industry:
Banking

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