Case Study Of Cashpor In The Indian Banking System

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Introduction: BFSI Sector
After the nationalization of banks in India, BFSI division has been developing at a rapid pace and catering to the needs of various segments of the society. Lately, the Banking Sector has been making use of the information technology as a platform to scale up the business. Liberalization and Information innovation has pulled in numerous foreign banks to India, accordingly opening up new markets, new products and effective conveyance channels for the banking sector. Banking sector plays a very important and crucial role in the development of Indian Economy. With the use of technology there had been an increase in penetration, productivity and efficiency. Apart from increasing the cost effectiveness it has also helped in making small value transactions viable.
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Cashpor provides microfinance services in Uttar Pradesh, Bihar and Chattisgarh using the Grameen Bank Model of lending. Cashpor has a network of 341 branches spread across 31 districts as on December 31, 2013.
Key Performance Parameters:
• Cashpor is one of the fastest growing MFI with assets worth Rs 554 Crores as on September 30,2013.
• Cashpor has maintained about 40% business growth over the past few years.
• Cashpor has been ranked 6th in the latest CRISIL rankings of MFIs in India.
Products/Services offered: Cashpor follows a Dual lending model- Direct Lending and lending under the Banking Correspondence Model in which Cashpor acts as a sourcing agent for the banks and the loans are originated directly in the bank books. Cashpor also offers health education, financial literacy, scholarship,community health facilitator training programs and insurance products.
Markets & Customers: Cashpor provides microfinance and other credit services to below the poverty line women in Uttar Pradesh, Bihar and

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