IndusInd Bank`s `Bharat Money Stores`- Enabling Financial Inclusion for the Masses

IndusInd Bank`s `Bharat Money Stores`- Enabling Financial Inclusion for the Masses
Case Code: FINC198
Case Length: 6 Pages
Period: 2017-2021
Pub Date: 2022
Teaching Note: Available
Price: Rs.300
Organization: Bharat Financial Inclusion Ltd
Industry: Banking
Countries: Asia
Themes: Banks and Banking, Business Models, Technology in Financial Services,
IndusInd Bank`s `Bharat Money Stores`- Enabling Financial Inclusion for the Masses
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

On May 11, 2020, Bharat Financial Inclusion Ltd (BFIL), a subsidiary of IndusInd Bank, announced that its business innovation ‘Bharat Money Stores’ (BMS) (See Figure I for the logo of Bharat Money Stores)had facilitated financial transactions of over Rs 1 billion in 5000 villages in the states of Odisha, Bihar, Karnataka, and Maharashtra in India. The wide network of the Rural Distribution Service Points (RDSP), also known as BMS, had enabled the direct distribution of funds from the government to the beneficiaries..

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