Refinements in this area have actually taken place in the latter half of the 1990s, resulting partly from a wider concern regarding social exclusion (Caskey et al, 2006, Kempson et al, 2000). It may, thus, be noted that financial inclusion is a concern even in developed countries and legislative or regulatory measure to achieve it are a common feature.
6  BIS Review 113/2006  Present situation in India I would like to share with you certain data that highlight my concern on financial exclusion. The share of deposits and credit in rural and semi-urban areas is on the decline. In contrast, the share in metropolitan areas is rising.