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RBI's composite financial inclusion index sees uptick with growth across all parameters

The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. "Index for the year ending March 2023 has since been prepared. The value of the FI Index for March 2023 stands at 60.1 vis-a-vis 56.4 in March 2022, with growth witnessed across all sub-indices," RBI said. ....

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RBI introduces Financial Inclusion Index (FI-Index): 5 things to know

The Financial Inclusion Index (FI-Index) has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the Government and respective sectoral regulators. ....

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