Small steps towards banking for everyone5 min read . Updated: 28 Dec 2015, 01:39 AM IST
Digital innovation in retail banking through products such as apps and wallets were the year's flavour
In retail banking, 2015 took forward the government’s financial inclusion agenda, which was set out the previous year. For instance, the number of bank accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) doubled this year compared with last year. As on December 2015, the total number of Jan Dhan accounts rose to 166.1 million from 84.5 million in December 2014.
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