Impact on State Revenues”, State Tax Notes, August 18, available at www.taxpolicycenter.org/publications/url.cfm?ID=1000613. 7  For example, see the work of the Human Capital Research Collaborative, a joint project of the University of Minnesota and the Federal Reserve Bank of Minneapolis, at www.humancapitalrc.org. 4  BIS Review 103/2010  investment in preschool programs for disadvantaged children has been shown to increase high school graduation rates.
Initially, it may appear that taking banking to the sections constituting “the bottom of the pyramid” may not be profitable but as various study conducted reveals that even the relatively low margins on high volumes can be a profitable proposition. Banks therefore need to work out their appropriate business delivery models and financial products to cater to the needs of the people.