Retail Financing

A MASS MARKET FOR RETAIL FINANCE - 1
India has 321 one million million million paid workers. Of these, nearly 190 million have fiscal savings that are distributed across formal and informal finance. The IIMS Dataworks chew over shows that a majority of this number still invests (or saves) in schematic avenues such as banks (144 million), postal savings (36 million), and life redress policies (105 million). Over Monday and Tuesday, Mint will present a data-led overview of the send India Incomes and Savings Survey 2007. Starting Wednesday, it will present a series on specific findings of the study that shed prosperous on the financial behaviour of 321 million people and the implications this has for companies in the retail finance business.





Trusted constitutions
The closer the line is to the institution the higher the trust

Income < Rs90,000 Rs90,000 - Rs2 hundred thousand Rs2 lakh - Rs5 lakh > Rs5 lakh

State depose of India 4 Microfinance institutions Local financer/ moneylender NBFCs (parabanking) Chit funds communication channel brokers Mutual funds Other insurance companies
3 2 1

Other nationalized banks Indian private banks Foreign banks Cooperative banks set office savings Registered cooperative societies

Paid work strength in 18-59 years age group
Total paid work force Urban profile Gender divide

LIC of India

Risky instruments
(in%)
< Rs90,000 Rs90,000 - Rs2 lakh Rs2 lakh - Rs5 lakh > Rs5 lakh

227mn
RURAL Class I towns

37%

down the stairs 100,000 population

38%

97.3%
MALES

94.4mn
URBAN

in 8 largest Metros

25%

321.4mn
TOTAL

FEMALES

12.7%

Occupations of Indias paid workforce
(in %) contractual employee-government Self-employed professional Salaried-Formal (other than govt) Self-employed in primary celestial sphere activities Salaried-Central government Subsistence farmer Part-time earners Self-employed businessman with unbending premises Salaried-State government Salaried-Informal sector Self-employed businessman w/o fixed premises Agricultural wage jackfruit Farmer with...If you want to get a full essay, collection it on our website: Orderessay



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