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Financial Inclusion- A Comparative Study On South Asia


  • S M Rakibul ANWAR

    () (Bangladesh Army International University of Science & Technology, Comilla, Bangladesh)

  • Tanzina Tabassum TANZO

    () (University of Chittagong, Chittagong, Bangladesh)

  • Riduanul MOSTAFA

    () (Bangladesh Army International University of Science & Technology, Comilla, Bangladesh)


This paper aims to construct an index of financial inclusion (IFI) in South Asian countries. Despite the growing recognition of financial inclusion across countries, the literature on measuring financial inclusion position among the South Asian countries is still scanty. Initially, the index of financial inclusion is calculated for 6 countries of the South Asian Countries for 2004 to 2015 using the data provided by financial access survey of International Monetary Fund (IMF) and Global findex database and finally Sarma model (2008) to compute Index of Financial Inclusion (IFI). Sarma model (2008) includes three dimensions of financial inclusion, which are: banking penetration, availability of banking services and usage of banking system. This paper reflects the comparative position of financial inclusion among the countries in the South Asia. From the index calculated, it is noticed that the position of India and Bhutan are good in comparison on other countries in South Asia but the Pakistan and Afghanistan are lag behind in financial inclusion due to lacks of usages of formal financial services by their country people. So, there are lots of scopes for improvement of financial inclusion position of these countries massively.

Suggested Citation

  • S M Rakibul ANWAR & Tanzina Tabassum TANZO & Riduanul MOSTAFA, 2017. "Financial Inclusion- A Comparative Study On South Asia," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(4), pages 18-33, December.
  • Handle: RePEc:rom:bemann:v:7:y:2017:i:4:p:18-33

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    References listed on IDEAS

    1. Demirgüç-Kunt, A. & Beck, T.H.L. & Honohan, P., 2008. "Finance for all? : Policies and pitfalls in expanding access," Other publications TiSEM aec73d3a-d6eb-457f-9182-3, Tilburg University, School of Economics and Management.
    2. Beck, Thorsten & Demirguc-Kunt, Asli & Martinez Peria, Maria Soledad, 2007. "Reaching out: Access to and use of banking services across countries," Journal of Financial Economics, Elsevier, vol. 85(1), pages 234-266, July.
    3. Priya Basu, 2006. "Improving Access to Finance for India's Rural Poor," World Bank Publications, The World Bank, number 6927, December.
    4. Hasan, Md Rashel & Islam, Md Ezazul, 2016. "Financial Inclusion Index at District Levels in Bangladesh: A Distance-based Approach," MPRA Paper 71344, University Library of Munich, Germany.
    5. World Bank, 2009. "Banking the Poor : Measuring Banking Access in 54 Economies," World Bank Publications, The World Bank, number 13804, December.
    6. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe & Van Oudheusden,Peter, 2015. "The Global Findex Database 2014 : measuring financial inclusion around the world," Policy Research Working Paper Series 7255, The World Bank.
    7. Honohan, Patrick, 2008. "Cross-country variation in household access to financial services," Journal of Banking & Finance, Elsevier, vol. 32(11), pages 2493-2500, November.
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