Title: UID-enabled banking upon unbanked through micro-ATM - a case study of a multinational bank

Authors: H.M. Jha 'Bidyarthi'; S.M. Mishra; N.Y. Kasliwal; Ashish K. Srivastava

Addresses: Department of Business Administration and Research, Shri Sant Gajanan Maharaj College of Engineering, Shegaon – 444 203 Maharashtra, India ' Department of Business Administration and Research, Shri Sant Gajanan Maharaj College of Engineering, Shegaon – 444 203 Maharashtra, India ' Department of Business Administration and Research, Shri Sant Gajanan Maharaj College of Engineering, Shegaon – 444 203 Maharashtra, India ' Department of Business Administration and Research, Shri Sant Gajanan Maharaj College of Engineering, Shegaon – 444 203 Maharashtra, India

Abstract: This research is based on a study of four sample villages drawn from two districts of Vidarbha region of Maharashtra State in India and a survey of 650 villagers regarding their financial needs, access to financial institutions, availability of needed finance and its terms and conditions and the possibility of connecting them with a multinational bank through UID-enabled 24-hour door-step banking using micro-ATM and business correspondence model. Though this seems to assure financial inclusion but a host of regulatory limitations impede its scope which this paper attempts to address and answer.

Keywords: financial inclusion; microfinance; UID-enabled banking; unique identity; micro automated teller machines; micro ATMs; India; multinational banks; regulatory limitations; regulation.

DOI: 10.1504/IJTMKT.2013.056885

International Journal of Technology Marketing, 2013 Vol.8 No.4, pp.360 - 368

Published online: 28 Feb 2014 *

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