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Retail Financing Essay

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Below is an essay on "Retail Financing" from Anti Essays, your source for research papers, essays, and term paper examples.

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

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

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

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

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

Paid workforce 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%

Below 100,000 population

38%

97.3%
MALES

94.4mn
URBAN

in 8 largest Metros

25%

321.4mn
TOTAL

FEMALES

12.7%

Occupations of India's paid workforce
(in %) Contractual employee-government Self-employed professional Salaried-Formal (other than govt) Self-employed in primary sector activities Salaried-Central government Subsistence farmer Part-time earners Self-employed businessman with fixed premises Salaried-State government Salaried-Informal sector Self-employed businessman w/o fixed premises Agricultural wage labourer Farmer with...

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Retail Financing. Anti Essays. Retrieved June 20, 2018, from the World Wide Web: https://www.antiessays.com/free-essays/Retail-Financing-76003.html