3. The advent of differentiated banking marks the beginning of a radical overhaul of the banking structure that would address the abysmal levels of financial inclusion in India. Elaborate. What are the possible issues that could impede the functioning of these banks?

Approach:

♤ In introduction provide a brief picture of financial inclusion in India.

♤ Then bring out the concept of differentiated bank.

♤ Subsequently, analyse how differentiated bank could address the abysmal levels of financial inclusion in the country.

♤ Finally, analyse the issues that could impede the functioning of these banks.

♤ In conclusion suggest a way forward.