Table 2: Select financial inclusion indicators for 2011 Brazil  Russia India China South Africa  United States  Account at a formal financial institution, older adults (%, age 25+)  62.0  51.9  38.0  63.3  59.1  90.7  Loan from a financial institution in the past year, older adults (%, age 25+)  8.1  8.5  8.8  7.9  11.8  21.6  {Source: World Bank(Global Findex)}  18.
In the last few years, there has been notable quantitative and qualitative improvement in the process of financial inclusion. Today, we have realized the need for deeper penetration of financial services in the unbanked sectors with more and more people using various modes of banking, such as, traditional brick & mortar, BCs/BFs channel, mobile banking, etc., to avail financial services.