A recent Reserve Bank Research Project Study titled “How the Poor Manage their Finances: A Study of the Portfolio Choices of Poor Households in Ernakulam District, Kerala” has observed that meaningful financial inclusion of the poor by the commercial banks would critically depend on their ability to meet the credit gaps of the poor households.
6  As a result, Italian banks, even the largest ones, have specialized in retail lending to firms. They are therefore more exposed to adverse cyclical conditions.