Status of Financial Literacy Centers in Karnataka
DOI:
https://doi.org/10.12725/ujbm.41.3Abstract
Financial literacy as a key pillar for a better financial system, helps to improve the financial situation of the citizens by achieving higher economic growth. This study aims to find out the status of Financial Literacy Center, among 30 districts in Karnataka over a period of 9 years (2008-2009 to 2016-17). The variables considered for the study are Deposits, Advances, Credit Deposit Ratio (CD ratio), Financial Literacy Centers (FLC) and Number of Reporting Offices (no. of reporting offices) available in the district. Data has been collected from various secondary sources like RBI, SLBC, Data Base on Indian Economy, etc., and analyzed using Descriptive statistics, Regression and ANOVA. It is found that there is an impact of FLC on CD ratio. However growth of the CD ratio is not in alignment with the growth in FLC.
References
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Biswal, B. P., & Gopalakrishna, R. (2014). CD Ratio and Bank Profitability: An Empirical Study. International Journal of Financial Management, 1-10.
Biswas, S., & Gupta, A. (n.d.). Financial Inclusion and Financial Literacy: A Comparative Study in their Interrelation between Selected Urban and Rural Areas in the State of West Bengal. IOSR Journal of Economics and Finance (IOSR-JEF), 67-72.
Centre for Toxicology and Developmental Research (CEFT). (2016). Estimation of Base Lineand Optimal Credit Deposit Ratio in Odisha. Xavier University,Bhubhaneshwar India.
Goel, S., & Kumar, R. (2016). Analysis of Cash - Deposit Ratio & Credit Deposit Ratio of Public Sector Banks in India. International Journal of Research in Management, Science &Technology (E-ISSN: 2321-3264) , 4 (2), 72-74.
Han, R., & Melecky, M. (2013). Financial Inclusion for Financial Stability Access to Bank Deposits and the Growth of Deposits in the Global Financial Crisis. Policy Research Working Paper 6577, 1-24.
Ibrahim, M. S. (2011). Operational Performance of Indian Scheduled Commercial - An Analysis. International Journal of Business and Management , 6 (5), 120-128.
India Brand Equity Foundation. (2016). Banking. Retrieved 2017, from Indian Brand Equity Foundation: https://www.ibef.org/ download/ Banking-September-2016.pdf
Kanchu, T. (2012). Performance Evaluation of DCCB's in India- A Study. Asia Pacific Journal of Marketing & Management Review , 1 (2), 169-180.
Kumar, D. (2013). Performance of banking through credit-deposit ratio in Bihar: A study of last decade. International Journal of Application or Innovation in Engineering & Management(IJAIEM), 2 (10), 210-218.
Kumar, N. (2013). Financial Inclusion and its Determinants: Evidence from State Level Empirical Analysis in India. 1-23.
Kumar, N., & Verma, P. (2008). Credit Deposit Ratio and Ownership Structure in Indian Banking Structure: An Empirical Analysis. Global Academic Society Journal: Social ScienceInsight III , 1 (4), 4-17.
Kumar, S., & Anees, M. (2013). Financial Literacy & Education: Present Scenario in India. International Journal of Engineering and Management Research , 83-87.
M, R. H., & R, S. (2013). Financial Inclusion in Karnataka: A Study on Banker‟s Initiatives. IRACST – International Journal of Commerce, Business and Management (IJCBM), 2 (6),344-352.
Ministry of Finance. (2017). www.pmjdy.gov.in. Retrieved 2017, from https://www.pmjdy.gov.in/statewise-statistics: https://www.pmjdy.gov.in/statewise-statistics
Nair, T. (2016). Report on State of Fianancial inclusion in Kerala. Kerala: MIX.
Nayak, R. K. (2012). Financial Inclusion through Cooperative Banks: A Feasible Option for Inclusive Growth. Indore Management Journal (IMJ), 4 (3), 9-17.
Onaolapo, A. R. (2015). Effects of Financial Inclusion of Economic Growth of Nigeria (1982-2012). International Journal of Business and Management Review , 3 (8), 11-28.
Rao, K. S. (2015). A Comparative Analysis of Loans and Advances in Selected Urban Co-operative Banks. National Monthly Refered Journal of Research in Commerce & Management
, 2 (10), 11-22.
Reserve Bank of India. (2016). Credit Delivery and Financial Inclusion. Retrieved 2017, from Reserve Bank of India: https://www.rbi.org.in/ Scripts/AnnualReportPublications.aspx?Id=1177
Reserve Bank of India. (2011). Financial Inclusion and Financial Literacy. Retrieved 2017, from OECD: https://www.oecd.org/ finance/ financial-education/48303408.pdf
Reserve Bank of India. (2016). Financial Literacy Material. Retrieved 2017, from Reserve Bank of India: https://rbi.org.in/ Scripts/ NotificationUser.aspx?Id=7844&Mode=0
Sharifi, O., & Akther, J. (2016). Performance of Banking through Credit Deposit Ratio in Public Sector Bank in India. IRACST- International Journal of Research in Management &Technology (IJRMT) , 6 (4), 14-18.
Zwedu, G. A. (2014). Financial inclusion, regulation and inclusive growth in Ethiopia.
Ethiopia: DFID-ESRC Growth Research Programme (DEGRP).
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Published
2017-10-01
How to Cite
Sangeetha, R., Mathew, J., & Francline, S. C. (2017). Status of Financial Literacy Centers in Karnataka. Ushus Journal of Business Management, 16(4), 23-35. https://doi.org/10.12725/ujbm.41.3
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